corporate mortgage trust

corporate-mortgage trust. A financing device in which debentures are issued and secured by property held in trust. • An independent trustee protects the interests of those who purchase the debentures. [Cases: Corporations 476(1). C.J.S. Corporations § 676.]

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词条贡献者

译员蓉婧，欧洲知名商学院国际金融专业，专注翻译各种与美国证券法律有关的法律文件。