Local or municipality issued bonds to fund low interest rate mortgages. the mortgage payments pay back the mortgage-backed revenue bonds. Similar to mortgage backed securities. Each bond has its own short-term maturity date, varying from 18 months up to 4 years. Also known as housing bond.

More On This Topic

Link to This Definition
Did you find this definition of MORTGAGE-BACKED REVENUE BOND helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary