Series 7: Mortgage-backed Security (MBS)

Taken from our Series 7 - General Securities Representative Exam

Definition of the term Mortgage-backed Security (MBS)...

a securitized bond backed by the mortgage payments of a pool of mortgages.

Since you're reading about Series 7: Mortgage-backed Security (MBS), you might also be interested in:

Solomon Exam Prep Study Materials for the Series 7
Please Enable Javascript
to view this content!