Secured Investor Trust

Secured Investor Trust definition - finance
A pool of collateralized mortgage obligations that provide the cash flow for kitchen sink bonds. Collateralized mortgage obligations are mortgages that are backed by the underlying security that gives investors protection in the event that the mortgage payments stops. See also kitchen sink bond.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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