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
fall
endowment mortgage
encumbrance
remortgage
second mortgage
See All Related Terms »

sight deposit
dealer
trade off
small company
conventional cost system