mortgage guarantee bond
Definition of mortgage guarantee bond
: insurance against loss due to default in payments of interest or principal by a mortgagor
Start your free trial today and get unlimited access to America's largest dictionary, with:
- More than 250,000 words that aren't in our free dictionary
- Expanded definitions, etymologies, and usage notes
- Advanced search features
- Ad free!
Seen and Heard
What made you want to look up mortgage guarantee bond? Please tell us where you read or heard it (including the quote, if possible).