When a household borrows to buy a home, the resulting security is referred to as

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Mortgage debt refers to the money borrowed to purchase a home, and the home itself serves as collateral for the loan. This means that if the borrower fails to make payments, the lender can foreclose on the property to recoup their losses. A discount bond is a bond that is sold for less than its face value, Treasury bills are short-term government bonds, and consumer credit refers to borrowing for personal expenses like credit card debt or car loans.

When a Household Borrows to Buy a Home, the Resulting