örtülü-bond

Turkish - English

Definition of örtülü-bond in Turkish English dictionary

covered-bond

(Finans) Covered bonds are debt securities backed by cashflows from mortgages or public sector loans. They are similar in many ways to asset-backed securities created in securitization but covered bond assets remain on the issuer’s balance sheet. Essentially, a Covered Bond is a corporate bond with one important enhancement: recourse to a pool of assets that secures or "covers" the bond if the originator (usually a financial institution) becomes insolvent

Hyphenation

ör-tü-lü-bond