HomeDefinitionsCompareDebt Death backed bondsThe financial definition for Death backed bonds:Bonds backed by loans of a policyholder against a life insurance policy. The policyholder will repay the loans while alive or with the benefits from the insurance policy upon death. Similar MatchesAsset backed securityAsset backed securityA security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate. Backed inBacked inIn the context of general equities, to describe result of unanticipated events that allow for a purchase at a discount or a sale at a premium. Commercial Mortgage Backed SecuritiesCommercial Mortgage Backed SecuritiesSimilar to MBS but backed by loans secured with commercial rather than residential property. Commercial property includes multi-family, retail, office, etc., They are not standardized so there are a lot of details associated with structure, credit enhancement, diversification, etc., that need to be understood when valuing these instruments. Further SuggestionsCommodity backed bondLehman Brothers Mortgage Backed Securities Index Mortgage Backed Securities Clearing Corporation (MBSCC) Stripped mortgage backed securities (SMBS) Click to compare definitions of Death backed bonds Click to view definitions beginning de |