A mortgage bond that passes through the Freddie Mac purchasing process. It is resold to investors. Incremental principal is sold and interest is paid semianually. Principal is paid annually.


In mining law. A contract between two parties by which one undertakesto furnish the necessary provisions, tools, and other supplies, and the other toprospect for and locate mineral lands and stake out mining claims thereon, the Interestin the property thus acquired inuring to the benefit of both parties, either equally or insuch proportions as their agreement may fix. Such contracts create a qualified orspecial partnership. See Berry v. Wood- burn. 107 Cal. 512, 40 Pac. 804; Hartney v.Gosling, 10 Wyo. 34G, G8 Pac. 1118, 98 Am. St. Rep. 1005; Meylette v. Brennan, 20Colo. 242, 38 Pac. 75.