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Simple English definitions for legal terms

corporate-mortgage trust

Read a random definition: village

A quick definition of corporate-mortgage trust:

Corporate-Mortgage Trust: A way for companies to borrow money by selling bonds that are backed by property held in a trust. The trust is managed by an independent trustee who makes sure that the investors who buy the bonds are protected.

A more thorough explanation:

A corporate-mortgage trust is a type of financing arrangement where debentures are issued and secured by property held in trust. An independent trustee is appointed to protect the interests of those who purchase the debentures.

ABC Corporation wants to raise funds to expand its business operations. It decides to issue debentures that are secured by a property it owns. To ensure the safety of the investors' money, ABC Corporation sets up a corporate-mortgage trust. The trust holds the property as collateral and an independent trustee is appointed to oversee the trust and protect the interests of the debenture holders.

Another example could be a real estate investment trust (REIT) that issues debentures secured by the properties it owns. The REIT sets up a corporate-mortgage trust to protect the interests of the debenture holders.

These examples illustrate how a corporate-mortgage trust can be used as a financing device to secure debentures with property held in trust and protect the interests of investors through an independent trustee.

corporate indenture | corporate name

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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