mortgage-backed security
NOUN
24 LETTERS · STARTS WITH M
mortgage-backed security is a valid 24-letter word worth 40 points in Scrabble and 46 points in Words with Friends.
SCRABBLE
WORDS WITH FRIENDS
M3O1R1T1G2A1G2E1-0B3A1C3K5E1D2S1E1C3U1R1I1T1Y4
3 + 1 + 1 + 1 + 2 + 1 + 2 + 1 + 0 + 3 + 1 + 3 + 5 + 1 + 2 + 0 + 1 + 1 + 3 + 1 + 1 + 1 + 1 + 4 =40 PTS
DOUBLE WORD → 80TRIPLE WORD → 120
MEANING
What does mortgage-backed security mean?
NOUN · 1 SENSE
1
A security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public; investors receive a portion of the interest payments on the mortgages as well as the principal payments; usually guaranteed by the government.
BROADER