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.
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recurring payments
Variable interest rate
securitisation
second mortgage
finance
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currency carry trade
reverse leverage
compulsory winding up order
paid
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