A type of bond that is commonly issued in U.S. securities markets and is backed by the cash flow from a pool of mortgages on commercial properties. The CMBS are often arranged into groups or “tranches” according to geography, property type or underlying credit rating. Relates to real estate.
« Back to Glossary IndexCMBS (Commercial Mortgage-backed Securities)
by bsmith@carofin.com | May 29, 2024
