mortgage security
61security — Protection; assurance; indemnification. The term is usually applied to an obligation, pledge, mortgage, deposit, lien, etc., given by a debtor in order to assure the payment or performance of his debt, by furnishing the creditor with a resource… …
62security — /si kyoor i tee/, n., pl. securities, adj. n. 1. freedom from danger, risk, etc.; safety. 2. freedom from care, anxiety, or doubt; well founded confidence. 3. something that secures or makes safe; protection; defense. 4. freedom from financial… …
63Mortgage pass-through security — Also called a passthrough, a security created when one or more mortgage holders form a collection ( pool) of mortgages sells shares or participation certificates in the pool. The cash flow from the collateral pool is passed through to the… …
64mortgage pass-through security — Also called a passthrough , a security created when one or more mortgage holders form a collection ( pool) of mortgages and sells shares or participation certificates in the pool. The cash flow from the collateral pool is passed through to the… …
65mortgage debenture — Debenture De*ben ture (?; 135), n. [L. debentur they are due, fr. debere to owe; cf. F. debentur. So called because these receipts began with the words Debentur mihi.] 1. A writing acknowledging a debt; a writing or certificate signed by a public …
66Mortgage bond — A mortgage bond is a bond backed by a pool of mortgages on a real estate asset such as a house. More generally, bonds which are secured by the pledge of specific assets are called mortgage bonds. Mortgage bonds can pay interest in either monthly …
67Mortgage Allocations — A process used in the settlement of mortgage backed security to be announced (TBA) trades. This process requires that the sell side of a TBA trade inform the its buy side counterpart of the exact securities that will be delivered into the trade… …
68mortgage — {{11}}mortgage (n.) late 14c., morgage, conveyance of property as security for a loan or agreement, from O.Fr. morgage (13c.), mort gaige, lit. dead pledge (replaced in modern Frech by hypothèque), from mort dead (see MORTAL (Cf. mortal) (adj.))… …
69Security Agreement — A Security Agreement is a document used in financial transactions where the Grantor (typically the Borrower but can also be a Guarantor or Surety) assigns, grants and pledges to the Grantee (typically the Lender) a security interest in personal… …
70Mortgage Application — A document submitted by one or more individuals applying to borrow money to purchase a real estate property. The mortgage application contains information about the property the potential borrowers want to purchase, such as its address, year… …
