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01/09/2009: "AP Stylebook Update Regarding Mortgage-Backed Securities Announced."

A new Associated Press Stylebook update came out today. It reads as follows:

Editor's Note: An entry on mortgage-backed security has been added to define the term as a bond backed by home or commercial mortgage payments.

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mortgage-backed security

A bond backed by home or commercial mortgage payments. These provide income from payments of the underlying mortgages.