ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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COLLATERALIZE is to pledge property as security (collateral) for a debt.
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MORTGAGE BOND is a bond in which the issuer has granted the bondholders a lien against the pledged assets.
CONDUIT DEBT is issued by a state agency or public corporation on behalf of borrowers which include businesses, health care institutions, private higher education institutions, local governments, and qualified individuals (loans for higher education and housing purposes). No State credit support is provided.