The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is?
Answer Details
The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is a "mortgage bond". A mortgage bond is a type of bond secured by specific assets, such as real estate or other property, which serves as collateral to protect the lender in case of default. In the case of mortgage bonds, the collateral is usually a pool of mortgage loans made by the issuer. This means that the value of the collateral typically exceeds the value of the bonds issued, making it a more secure form of borrowing for investors.