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
repayment mortgage
adjustable rate mortgage
risk capital
secured
endowment mortgage
See All Related Terms »

statistical discrepancy
financial report
January Effect
disqualification
voting stock