- senior mortgage bond
- A bond that, in the event of bankruptcy, will be redeemed before any other bonds are repaid. Bloomberg Financial Dictionary
Financial and business terms. 2012.
senior mortgage bond
Look at other dictionaries:
mortgage bond — In the USA, a bond in which a debt is secured by a real asset (land or property). Senior mortgage bonds have first claim on assets and junior mortgage bonds are subordinate. A mortgage bond may have a closed end provision, which prevents an… … Accounting dictionary
mortgage bond — In the USA, a bond in which a debt is secured by a real asset (land or property). Senior mortgage bonds have first claim on assets and junior mortgage bonds are subordinate. A mortgage bond may have a closed end provision, which prevents an… … Big dictionary of business and management
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mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary
bond — payment by a tenant to a landlord before the tenant takes over the premises and from which the landlord may be able to deduct arrears of rent or the cost of rectifying damage. Glossary of Business Terms (1) A debt security. Sometimes used only in … Financial and business terms
Bond — Bonds are debt and are issued for a period of more than one year. The U.S. government, local governments, water districts, companies and many other types of institutions sell bonds. When an investor buys bonds, he or she is lending money. The… … Financial and business terms
Bond (finance) — In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest (the coupon) to use and/or to repay the principal at a later date, termed maturity.… … Wikipedia
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Mortgage yield — In finance, mortgage yield is a measure of yield of mortgage backed bonds. It is also known as cash flow yield. The mortgage yield, or cash flow yield, of a mortgage backed bond is the discount rate at which net present value of all future cash… … Wikipedia
Bond duration — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond … Wikipedia
