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A mortgage bond is a bond backed by a pool of mortgages on a real estate asset such as a house. More generally bonds which are secured by the pledge of specific assets are called mortgage bonds.

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The prevalence of mortgage bonds is commonly credited to Mike Vranos.

. Some texts and other sources may use a dashed bond in the same manner as we have defined the hatched bond but this can be confusing. A wedge shaped bond is directed in front of this plane thick end toward the viewer as shown by the bond to substituent B. And a hatched bond is directed in back of the plane away from the viewer as shown by the bond to substituent D.

Mortgage bonds can pay interest in either monthly quarterly or semiannual periods.

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