MBS
/ɛm bi ɛs/
noun
Origin
English
Initialism — Abbreviation of descriptive phrases
Overview
Meaning Now
- A mortgage-backed security; a type of asset-backed security that is secured by a mortgage or collection of mortgages.
- Abbreviation for Mohammed bin Salman, the Crown Prince and Prime Minister of Saudi Arabia.
Language path
English
Earliest form
Mortgage-backed security
Earliest period
1970s
Journey
The term MBS in finance became widely known and scrutinized during the 2008 global financial crisis, as it played a central role in the securitization of subprime mortgages. In geopolitical contexts, the usage gained significant traction after 2015 when Mohammed bin Salman rose to prominence in Saudi politics.
Evolution
- 1970s
Mortgage-backed security
“Securitized debt consisting of mortgages”
Introduced by Ginnie Mae in the United States.
- 2010s
Mohammed bin Salman
“Crown Prince of Saudi Arabia”
Commonly used in international media to refer to the Saudi leader.
Connections
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Related to MBS
External references use DefinedTerm semantics.