Senior mortgage bond


 

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Senior mortgage bond

A mortgage bond which receives priority on the assets of a company over other bonds in the event of liquidation.

Senior mortgage bond

A bond that, in the event of bankruptcy, will be redeemed before any other bonds are repaid.



Senior mortgage bond

Similar Matches

Mortgage term

Mortgage term

The period over which the mortgage loan is to be repaid.


Mortgage

Mortgage

(1) To hypothecate as security, real property for the payment of a debt. The borrower (mortgagor) retains possession and use of the property. (2) The instrument by which real estate is hypothecated as security for the repayment of a loan.


Fixed rate mortgage

Fixed rate mortgage

A type of mortgage where interest repayments to the lender are fixed until maturity or for a specified term.


Consolidated mortgage bond

Consolidated mortgage bond

A bond that covers several units of property, sometimes refinancing mortgages on the properties.


All inclusive Trust Deed (wrap around mortgage)

All inclusive Trust Deed (wrap around mortgage)

A financing technique which involves the creation of a new trust deed which includes the balance due on the existing note plus any new funds advanced.


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