COMMERCIAL MORTGAGE BACKED SECURITIES


Meaning of COMMERCIAL MORTGAGE BACKED SECURITIES in English

Similar 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.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.