corporate mortgage trust

corporate mortgage trust
Device for financing corporate activities which requires an indenture and an independent trustee for protection of holders of bonds and debentures. The trust holds security consisting of property in event of default

Black's law dictionary. . 1990.

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  • corporate mortgage trust — Device for financing corporate activities which requires an indenture and an independent trustee for protection of holders of bonds and debentures. The trust holds security consisting of property in event of default …   Black's law dictionary

  • mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… …   Black's law dictionary

  • mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… …   Black's law dictionary

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  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

  • Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets …   Wikipedia

  • trust deed — see deed Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. trust deed …   Law dictionary

  • Corporate Property Investors — was a privately held real estate investment company that, in 1982, wrote the largest mortgage to date on a New York office building. It was founded by Disque Deane. General Motors Building In January 1982, General Motors raised $500 million… …   Wikipedia

  • Mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …   Wikipedia

  • Mortgage broker — A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. However as markets for mortgages have become more… …   Wikipedia

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