Mortgage bonds are agreements that pledge land, buildings, or equipment as securities for a loan.

Question

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Mortgage bonds are indeed agreements that use real estate or other assets as collateral for a loan. These bonds are a form of debt security that can be bought and sold by investors. If the borrower defaults on the loan, the lender can foreclose on the property and use the proceeds to repay the bondholders.

Mortgage Bonds Are Agreements That Pledge Land, Buildings, or Equipment