Collateral trust bond definitions

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collateral trust bond

collateral trust bond logo #21003(from the article `security`) ...claim on specified real property. This protection ordinarily results in the holders` receiving priority treatment in the event that financial ...
Found on http://www.britannica.com/eb/a-z/c/109

Collateral Trust Bond

Collateral Trust Bond logo #20101Is a security issued by a corporation and is secured by other securities. This bond compares to Mortgage Backed Securities which are secured by real property or unsecured bonds. Depending on the underlying collateral and the terms of the issue, these bonds can offer somewhat better financing rates to the issuer.
Found on http://www.oasismanagement.com/glossary/
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