/mɔrɡɪdʒ ɪnˈʃʊrəns/ – Phrase
Definition: Bảo hiểm thế chấp
A more thorough explanation: insurance that allows mortgage lenders to recover part of their financial losses if a borrower defaults on a loan (=fails to pay the loan in full)
Example: A new report recommends that lenders provide cheaper mortgage insurance.