Covered bond - Financial definition
Translations: FR obligation sécurisée (n.f.) ES obligación garantizada (n.f.) DE Covered Bond (n.m.) , gedeckte Schuldverschreibung (n.f.)
Concise definition of the term covered bond
Covered bonds are bonds backed by a loan portfolio and issued by a financial institution. In contrast to asset-backed securities, they remain on the issuer's balance sheet.
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