commercial mortgage-backed security
International
mortgage-backed securities which are backed, that is funded by and secured over, a portfolio of mortgage loans secured on commercial properties. The principal revenue stream to the special purpose vehicle which will be used to repay the notes or bonds, arises from lease and licence payments by tenants of the commercial properties.
+ commercial mortgage-backed security (CMBS)
USA
Debt security on which payments of principal and interest are made to the holders from revenue generated by an underlying pool of commercial mortgage loans. The underlying commercial mortgages are pledged to the holders of the securities as collateral for the payment by the issuer of principal and interest on the securities. Commerical mortgage-backed securities are most commonly issued by a special purpose entity as part of a securitization or structured finance transaction.
See also

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

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

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  • commercial mortgage-backed securities — (CMBS) International mortgage backed securities which are backed, that is funded by and secured over, a portfolio of mortgage loans secured on commercial properties. The principal revenue stream to the special purpose vehicle which will be used… …   Law dictionary

  • mortgage-backed security — A kind of investment backed by mortgage loans that have been packaged into pools in the secondary mortgage market. Payments on the mortgages generate the return on investment for the people who invest in these securities. Category: Bankruptcy,… …   Law dictionary

  • mortgage backed security — International mortgage backed securities, Also referred to as MBS. debt securities (debt security) (such as bonds or notes), which are issued by a special purpose vehicle in the course of a securitisation and …   Law dictionary

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

  • mortgage-backed security — ( MBS) or mortgage backed bond Securities composed of, or collateralized by, loans that are themselves collateralized by liens on real property. MBSs can be categorized into two major types. Pass through pools are mortgage backed bonds created by …   Financial and business terms

  • Commercial Mortgage-Backed Securities (CMBS) — A type of mortgage backed security that is secured by the loan on a commercial property. A CMBS can provide liquidity to real estate investors and to commercial lenders. As with other types of MBS, the increased use of CMBS can be attributable to …   Investment dictionary

  • Mortgage Backed Security — Mortgage Backed Securities sind besicherte Anleihen, also durch Vermögenswerte gesicherte Wertpapiere, deren Bargeldflüsse durch die Zins und Tilgungszahlungen eines Pools von grundpfandrechtlich gesicherten Forderungen getragen werden. Im… …   Deutsch Wikipedia

  • commercial mortgage-backed securities — /kəˌmɜ:ʃ(ə)l ˌmɔ:nɪdʒ bækt sɪ kjυərɪtiz/ plural noun shares which are backed by the security of a commercial mortgage. Abbreviation CMBS …   Dictionary of banking and finance

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