mortgage roll

English

Noun

mortgage roll (plural mortgage rolls)

  1. (banking, finance, insurance) A transaction where a financial institution or insurance company sells a mortgage-backed security to a dealer and simultaneously agrees to repurchase an essentially similar security at a predetermined price on a future date.
    Synonym: borrow roll (dated)
This article is issued from Wiktionary. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.