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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negative equity
full service banking
general mortgage bond
risk capital
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marketable security
comfort letter
trailing stop
ISM Non-Manufacturing Report on Business