mortgage bond
noun/ˈmɔːɡɪdʒ bɒnd/
/ˈmɔːrɡɪdʒ bɑːnd/
(also bond)
(South African English)- a legal agreement by which a bank lends you money to buy a house, etc. which you pay back over many years; the sum of money that is lentTopics Moneyc2, Houses and homesc2Word OriginMid 19th century.
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mortgage bond