Senior Mortgage Bond

Business / Finance / Senior Mortgage Bond: A bond that, in the event of bankruptcy, will be redeemed before any other bonds are repaid.

Other Words for Bond

Bond Noun Synonyms: tie(s), shackles, chains, fetters, manacles, handcuffs, trammels, thongs, cord(s), rope(s), restraint(s), constraint(s), check(s), control(s), rein(s)
Bond Verb Synonyms: cement, bind, hold together, stick, cohere
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Other Words for Senior

Senior Verb Synonyms: elder, older, (postpositive) major, (higher-) ranking, superior, chief
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PAC Bond

Business / Finance / PAC Bond: Stands for Planned Amortization Class bond. A tranche class offered by some CMOs that has a sinking fund schedule and an ability to make principal payments that are not subordinated to other classes. MORE

Optional Payment Bond

Business / Finance / Optional Payment Bond: A bond whose principal and/or interest may be paid in foreign or domestic currency at the discretion of the bondholder. MORE

Open-End Mortgage

Business / Finance / Open-End Mortgage: Mortgage against which additional debts may be issued. Related: Closed-end mortgage. MORE

Open End Mortgage

Business / Debt / Open End Mortgage: A mortgage permitting the mortgagor to borrow additional money under the same mortgage, with certain conditions, usually as to the assets of the mortgage. MORE

Package Mortgage

Business / Finance / Package Mortgage: A mortgage on a house and property in the house. MORE

Par Bond

Business / Finance / Par Bond: A bond trading at its face value. MORE

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