A security backed by a pool of mortgage loans that may be separated into various classes with varying maturities. Note that REMICS, introduced by the Tax Reform Act of 1986, are the standard vehicle for investing in mortgage instruments.
A mortgage backed corporate bond. These bonds are backed by different classes of securities, or tranches, that vary by risk level, interest rate, mortgage prepayment risk, and average maturity.
A mortgage-backed, investment-grade bond that separates mortgage pools into different maturity classes, called tranches. see also REMIC.
Keywords:  bank, collection
Collecting Bank Collection