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mortgage
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   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia 0.03 sec.

mortgage

Transfer of property, usually a house, as a security for repayment of a loan. The loan is normally repaid to a bank or building society over a period of years.



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Read through the Contract Once you have satisfied all the requirements needed in order to purchase a mortgage bond, the next thing that you would need to carefully look into is the contract of the mortgage bond before signing.
On May 27, mortgage bond yields for Freddie Mac and Fannie Mae reached their highest level since late February.
The Bank would then exchange the mortgage bonds for government bonds or bills, which the banks could then use in the markets to trade for cash.
 
 
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