Asset backed security/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> A security for which the collateral is a financial asset or a group of assets.) |
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A [[security (finance)|security]] for which the [[collateral (finance)|collateral]] is a financial [[asset (finance)|asset]] or a group of assets. | A [[security (finance)|security]] for which the [[collateral (finance)|collateral]] and source of cash flow is a financial [[asset (finance)|asset]] or a group of assets, such as loans, leases, credit card debt, company receivables or royalties, (but sometimes defined to exclude [[mortgage]]s.) | ||
Latest revision as of 11:03, 18 March 2010
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Asset backed security [r]: A security for which the collateral and source of cash flow is a financial asset or a group of assets, such as loans, leases, credit card debt, company receivables or royalties, (but sometimes defined to exclude mortgages.)