抵押品 Mortgage or Collateral?

抵押品 Mortgage or Collateral? --> 通常用 collateral
What's the difference between mortgage and collateral?

*** mortgage 當名詞時 通常指房貸
fixed-rate mortgage 固定利率房貸
mortgage rate 房貸利率
second mortgage 次級房貸??


get a 15-year mortgage == take out a 15-year mortgage == take out a 15-year loan
== 取得15年期的貸款

The house was mortgaged for a 15-year loan.



http://en.wikipedia.org/wiki/Collateralized_mortgage_obligation
" ...

A collateralized mortgage obligation (CMO) is a financial debt vehicle that was first created in June 1983 by investment banks Salomon Brothers and First Boston for Freddie Mac.

... The mortgages themselves are called the collateral, the bonds are called tranches
... the set of rules that dictates how money received from the collateral will be distributed is called the structure.

..."