Meaning Asset Backed Security
What does Asset Backed Security mean? Here you find 2 meanings of the word Asset Backed Security. You can also add a definition of Asset Backed Security yourself
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Asset Backed SecurityA security which is supported by assets such as mortgages, car loans, credit card receivables, owned by the issuer of the security and usually placed with a trustee.
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Asset Backed SecurityAsset-backed securities, backed by pools of mortgage loans or other types of securitizable cash flow generating assets, are sold to investors who then receive payments based on the cash flows generate [..]
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