mortgage
A loan the collateral for which is a house or other real estate. I would not have thought this term needed to appear in a glossary of international economics, until 2008 when we learned that mortgage-backed securities had been traded internationally and were contributing to the global Financial crisis when borrowers defaulted.
Browse by Subjects
mortgage bond
flexibility
financial supermarket
run
hypothecation
See All Related Terms »

current cost
operating performance ratio
specialist
Subchapter M
Delivery Point