| 单词 |
mortgage derivative |
| 释义 |
Mortgage Derivative Mortgage DerivativeA security with a value based upon principal and interest payments on a pool of mortgages. This entitles the owner to a claim on the principal and interest payments on the particular mortgages backing the security. The risk of a mortgage derivative ultimately comes from the risk of default of the underlying mortgages. A mortgage-backed security is the most common type of mortgage derivative. |
| 随便看 |
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