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asset-backed security
(redirected from Asset-backed)

    Also found in: Wikipedia 0.04 sec.
Asset-backed security
A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate.
asset-backed security
A debt security collateralized by specific assets. Although the term applies to any debt backed by identified assets, it generally refers to securities backed by short-term collateral such as credit-card receivables, car loans, and home-equity loans. Because even the most financially strapped companies can hold valuable assets, it is possible for the credit quality of asset-backed securities to be substantially better than the general credit of the company issuing the securities.


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To provide perspective, I will begin by reviewing the evolution and current state of the general asset-backed securities market.
Statement by Richard Spillenkothen, Director, Division of Banking ... by Federal Reserve Bulletin
500,000,000 BAseries, Class A 2001-2 floating-rate asset-backed securities;
Fitch Affirms Bank of America Credit Card Trust Class A Notes by Business Wire
7 billion in outstanding credit cards asset-backed securities (ABS) issued by the Discover Card Master Trust I (DCMT I).
Fitch Affirms Discover Card ABS Following Spin-off Announcement by Business Wire
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