Mortgage

Definition:

A loan secured by the collateral of some specified real estate property which obliges the borrower to make a predetermined series of payments.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Performance shares

Shares of stock paid out to managers only if the company makes certain sales, earnings per share, or other similar criteria.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio