The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

MORTGAGE DERIVATIVE Definition & Legal Meaning

Definition & Citations:

Investor’s income generating security from the principal and interest payments on the underlying mortgage pool. Mortgage derivate securities are both mortgage backed and mortgaged backed pass-through.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.