Pledged Asset: Pledged assets are bank-owned securities used as collateral for government deposits.
A bond in which the issuer has granted the bondholders a lien against the pledged assets. Collateral trust bonds.
Mortgage pass-through security ...
Release clause
A mortgage provision that releases a pledged asset after a certain portion of the total payments has been made.
Mortgage bond
A bond in which the issuer has granted the bondholders a lien against the pledged assets. See: Collateral trust bonds ...
There are some instances where a blanket lien is written to allow a creditor to go after other assets owned by the debtor, in the event that the market value of the pledged assets does not equal the amount of indebtedness that remains on the loan.
 See also: Market, Short, Collateral, Market Value, Debt
  
|
RSS
