MORTGAGE-BACKED SECURITY
\mˈɔːɡɪd͡ʒbˈakt sɪkjˈʊ͡əɹɪti], \mˈɔːɡɪdʒbˈakt sɪkjˈʊəɹɪti], \m_ˈɔː_ɡ_ɪ_dʒ_b_ˈa_k_t s_ɪ_k_j_ˈʊə_ɹ_ɪ_t_i]\
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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 government
By Princeton University
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.