The term of the day from InvestorWords.com http://www.investorwords.com <a href="http://www.investorwords.com/3129/mortgage_bond.html">Mortgage bond</a> whose <a href="http://www.investorwords.com/1870/face_value.html">face value</a> exceeds the <a href="http://www.investorwords.com/5209/value.html">value</a> of the underlying <a href="http://www.investorwords.com/3900/property.html">property</a>, and for which a personal <a href="http://www.investorwords.com/3373/obligation.html">obligation</a> is created to compensate the <a href="http://www.investorwords.com/2767/lender.html">lender</a> for any <a href="http://www.investorwords.com/1148/cost.html">costs</a> that may <a href="http://www.investorwords.com/9617/exceed.html">exceed</a> the value of the <a href="http://www.investorwords.com/3124/mortgage.html">mortgage</a>. <br><br><hr> <p><a href='http://www.investorwords.com/'>Browse Our Entire Glossary</a> | <a href='http://www.businessdictionary.com/'>Business Dictionary</a> | <a href='http://www.investorguide.com'>Stock Research</a></p> <p><small>Copyright&copy; 2012 InvestorWords.com. All Rights Reserved. Unauthorized duplication, in whole or in part, is strictly prohibited.</small></p> <a href="http://www.investorwords.com/3129/mortgage_bond.html">Mortgage bond</a> whose <a href="http://www.investorwords.com/1870/face_value.html">face value</a> exceeds the <a href="http://www.investorwords.com/5209/value.html">value</a> of the underlying <a href="http://www.investorwords.com/3900/property.html">property</a>, and for which a personal <a href="http://www.investorwords.com/3373/obligation.html">obligation</a> is created to compensate the <a href="http://www.investorwords.com/2767/lender.html">lender</a> for any <a href="http://www.investorwords.com/1148/cost.html">costs</a> that may <a href="http://www.investorwords.com/9617/exceed.html">exceed</a> the value of the <a href="http://www.investorwords.com/3124/mortgage.html">mortgage</a>. <br><br><hr> <p><a href='http://www.investorwords.com/'>Browse Our Entire Glossary</a> | <a href='http://www.businessdictionary.com/'>Business Dictionary</a> | <a href='http://www.investorguide.com'>Stock Research</a></p> <p><small>Copyright&copy; 2012 InvestorWords.com. All Rights Reserved. Unauthorized duplication, in whole or in part, is strictly prohibited.</small></p> http://www.investorwords.com/3374/obligation_bond.html http://www.investorwords.com/3374/obligation_bond.html Tue, 14 Feb 2012 00:04:37 -0600