Covered Bond

Business, Legal & Accounting Glossary

Definition: Covered Bond


Covered Bond


Full Definition of Covered Bond


A bond or note that is backed by mortgages or cash flows from other debt. If the bond issuer goes into bankruptcy, investors who purchased the bonds can lay claim to the underlying assets.


Cite Term


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Page URL
https://payrollheaven.com/define/covered-bond/
Modern Language Association (MLA):
Covered Bond. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/covered-bond/.
Chicago Manual of Style (CMS):
Covered Bond. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/covered-bond/ (accessed: March 28, 2024).
American Psychological Association (APA):
Covered Bond. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/covered-bond/

Definition Sources


Definitions for Covered Bond are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.