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mortgage bond

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

A bond (long-term debt) that is secured by a lien on real estate.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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