obligation bond


Definition
Mortgage bond whose face value exceeds the value of the underlying property, and for which a personal obligation is created to compensate the lender for any costs that may exceed the value of the mortgage.


Related Terms

General Obligation Bond -

moral obligation bond -

self-supporting bond -  More

Related Personal Finance Articles

Loading...

obligation bond in the news

Loading...
Enter your email address to get our free Term of the Day newsletter!

obligation bond is ...

... part of the Bonds subject.

Search volume for obligation bond

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z