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Glossary > G > "General Mortgage Bond" Definition

General Mortgage Bond

In the US, this refers to a bond that is secured by a blanket mortgage on the issuing company"s property, though it may be outranked by one or more other mortgages.

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General Mortgage Bond - In the US, this refers to a bond that is secured by a blanket mortgage on the issuing company"s property, though it may be outranked by one or more other mortgages.

General Mortgage Bond : in the us, this refers to a bond that is secured by a blanket mortgage on the issuing company"s property, though it may be outranked by one or more other mortgages.