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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

    shotgun wedding
    a forced wedding
    The young couple were forced into a shotgun wedding by the girl's father.



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    The first box of Crayola that was ever sold had the same eight colours that are sold in the box today consisting of red, blue, yellow, green, violet, orange, black and brown. The box was sold for a nickel in 1903      .. More >>
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