Mortgage-Backed Security

Definition

• A type of asset-backed security whose value and income are backed by a mortgage or a pool of mortgages. Also known as a "mortgage pass through" or a "mortgage-related security."

Acronyms
MBS

Related Terms and Acronyms

• Asset-Backed Securities (ABS) — Acronym, Very Important,
  • Securities backed by a pool of assets.
  ➥ Financial security made up of a bundle of assets.