Asset-Backed Bond

Also found in: Wikipedia

0.01 sec.

Asset-Backed Security

A debt security collateralized by some receivables on some credit sale. Common examples of this collateral include receivables on credit cards, automotive loans, and similar assets. Returns on these securities come from customers' payments on their credit cards and other loans that may be backing the securities. Banks and companies package and sell their receivables to investors in order to reduce the risk of loan defaults. See also: Mortgage-backed security.

Asset-backed bond. Asset-backed bonds, also known as asset-backed securities, are secured by loans or by money owed to a company for merchandise or services purchased on credit.

For example, an asset-backed bond is created when a securities firm bundles debt, such as credit card or car loans, and sells investors the right to receive the payments made on those loans.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
No references found			Third, provisions have been made for the issue of asset-backed bonds in Norway. Collateral for loans from Norges Bank--new rules by Bakke, Bjorn; Tretvoll, Hakon / Economic Bulletin Although uncommon in most municipal deals, different ratings based on maturity are common with asset-backed bonds, such as home equity debt. Tobacco Bonds May Be Rated by Maturity by Government Finance Review The deal, in the form of an asset-backed bond issue, is a first for showbusiness and the bond market. Bowie's on rock market by James, John / The Mirror (London, England)			Asset for Asset Swap Asset Impairment Asset Ledger asset management Asset Management Account Asset Motive Asset Play Asset Price Asset Pricing Model Asset Quality asset redeployment Asset Retirement Obligation Asset Sale Asset Share Value Asset Stripper Asset Stripping Asset Substitution Asset Substitution Problem Asset Sufficiency or Insufficiency Asset Swap Asset Turnover Asset Valuation Asset Valuation Reserve Asset Value Asset-Backed Alert Asset-Backed Bond Asset-Backed Commercial Paper Asset-Backed Fund Asset-Backed Security Asset-Based Finance Asset-Based Financing Asset-Conversion Loan Asset-Coverage Test Asset-Liability Committee Asset-Liability Gap Asset/Equity Ratio Asset/Liability Committee Asset/Liability Management Assets Assets and Valuation Assets Requirement Assets requirements Assets Under Management Assets-in-Place Assicurata aggiunta Assicurato Assicurazione Assicurazione contro sinistri Assicurazione generale Assicurazione sul carico Assicurazioni patrimoniali			Asset Turnover Ratio Asset Turnover Ratios Asset Turnovers Asset Under Administration Asset Under Construction Asset Utilization Index Asset Utilization Model Asset Utilization Ratio Asset valuation Asset Valuation Reserve Asset Valuation Reserve Asset Valuation Reserves Asset value Asset value Asset value Asset Value per Share Asset Value per Share Asset Values Asset Values Asset Values per Share Asset Values per Share Asset Visibility Asset Visibility Computer Based Training Asset Visibility Report Asset, Liability, Owner's Equity, Revenue, Expense Asset, Service and Demand Management Asset, Wasting Asset, Wasting Asset-backed Asset-Backed Alert Asset-Backed Bond Asset-Backed Bonds Asset-Backed Commercial Paper Asset-Backed Commercial Paper asset-backed fund asset-backed fund Asset-Backed Funds Asset-Backed Funds Asset-Backed Insurance Lending Asset-backed securities Asset-backed security Asset-backed security Asset-backed security Asset-backed security Asset-backed security Asset-Based Community Development Institute Asset-based economy Asset-based economy Asset-Based Finance Asset-based financing Asset-based financing Asset-based lending Asset-Conversion Loan Asset-Conversion Loans Asset-coverage test Asset-Equity Ratio Asset-for-Asset Swap Asset-for-Asset Swaps Asset-Liability Committee Asset-Liability Committee Asset-Liability Gap

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.