word
mortgage-backed security
MOR-gij BAKT sih-KYOOR-ih-tee
ˈmɔːrɡɪdʒ bækt sɪˈkjʊərɪtiListen
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Syllable breakdown
mortgagebackedsecurity
Dictionary meaning
investment product backed by a pool of home loans; payments to investors come from homeowner mortgage payments
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