When compared to open mortgages, closed mortgages are more affordable for borrowers because their restrictions make them a more stable investment for lenders. (superbrokers.ca)
As far as defensive investments go, they are often about as stable an investment as you can find in this world. (theconservativeincomeinvestor.com)
They tend to put their money in low - risk, low - reward investments like money markets, bonds, cash and other stable investments. (traditionalira.com)