| 释义 |
underlying mortgage Underlying MortgageIn a mortgage-backed security, a mortgage or a piece of a mortgage that gives value to the security. For example, if a bank sells the mortgage on Joe's house to another bank and that bank repackages it into an MBS, Joe's mortgage is one of the underlying mortgages for the security. See also: Underlying asset.underlying mortgageThe first mortgage in a wraparound mortgage arrangement. |