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mortgage-backed security

n.
1.a security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public

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  • Idiom of the Day

    put (something) on the back burner
    to delay or postpone something
    We have put our plans for a holiday on the back burner while we do some repairs to our house.



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    It was pasta that brought forth the invention of the dinner fork. For hundreds of years, people in naples ate their macaroni with their fingers. However, it was considered bad manners for royalty to eat this way while wearing golden knit silk dresses in the royal court. King ferdinand of spain welcomed the invention of the fork as it supported his fondness for macaroni.      .. More >>
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