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asset-backed security

   Also found in: Acronyms, Wikipedia 0.06 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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We're delighted to have been given opportunity to be working with the City of New York on the first public offering of an asset-backed security for a municipal seller of receivables," said Malter.
City sells tax receivables by Weiss, Lois / Real Estate Weekly
Moreover, investors may be susceptible to concentrations of risks across various asset-backed security issues through overexposure to an organization performing various roles in the securitization process or as a result of geographic concentrations within pools of assets.
Statement of Franklin D. Dreyer, Senior Vice President, Supervision ... by Federal Reserve Bulletin
CPA firm services might include asset-backed security analysis, loan portfolio and servicing valuation and analysis.
Building a consulting practice; CPAs can improve their clients' ... by Lentini, Fern / Journal of Accountancy
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