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Backed in |
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Backed inIn the context of general equities, to describe result of unanticipated events that allow for a purchase at a discount or a sale at a premium.Backed in Similar MatchesCommodity backed bondCommodity backed bondA bond with interest payments tied to the price of an underlying commodity. Mortgage backed securityMortgage backed securityA security, backed by one or more mortgages. Commercial Mortgage Backed SecuritiesCommercial Mortgage Backed SecuritiesSimilar to MBS but backed by loans secured with commercial rather than residential property. Commercial property includes multi-family, retail, office, etc., They are not standardized so there are a lot of details associated with structure, credit enhancement, diversification, etc., that need to be understood when valuing these instruments. Death backed bondsDeath backed bondsBonds backed by loans of a policyholder against a life insurance policy. The policyholder will repay the loans while alive or with the benefits from the insurance policy upon death. Lehman Brothers Mortgage Backed Securities IndexLehman Brothers Mortgage Backed Securities IndexA benchmark index that includes 15- and 30-year fixed-rate securities backed by mortgage pools of the Government National Mortgage Association (GNMA), Federal Home Loan Mortgage Corporation (FHLMC), and Federal National Mortgage Association (FNMA). Further SuggestionsStripped mortgage backed securities (SMBS)Asset backed security Mortgage Backed Securities Clearing Corporation (MBSCC) |
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