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Asset backed security - Definition and Overview |
| Related Words: Armor, Arrogance, Aspiration, Assumption, Assurance, Asylum, Authenticity, Bail, Balance, Belief, Blackout, Bond, Censorship, Certainty |
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Asset-backed securities are bonds backed by a pool of financial assets that cannot easily be traded in their existing form. By pooling together a large portfolio of these illiquid assets they can be converted into instruments that may be offered and sold more freely in the capital markets. An asset backed security is the same thing as an mortgage backed security. The difference being that an ASB is usually backed by any asset except mortgage, like accounts receivables, credit card debt, or other credit.
See also
Lead underwriters
Lists
External links
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