covered bond

English - Turkish

Definition of covered bond in English Turkish dictionary

örtülü-bond

English - English

Definition of covered bond in English English dictionary

(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

cov·ered bond

Turkish pronunciation

kʌvırd bänd

Pronunciation

/ˈkəvərd ˈbänd/ /ˈkʌvɜrd ˈbɑːnd/