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Dictionary

  Definition of mortgage-backed security
  1. a security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public; investors receive a portion of the interest payments on the mortgages as well as the principal payments; usually guaranteed by the g
 
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kingpin means the front bowling pin in the triangular arrangement of ten pins; bolt that provides a steering joint in a motor vehicle; the most important person in a gro... more
 
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