covered-bond

listen to the pronunciation of covered-bond
Английский Язык - Турецкий язык
örtülü-bond
Английский Язык - Английский Язык
(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