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CARS |
Also found in: Dictionary/thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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CARs
Certificate of Automobile Receivables A derivative whose value is derived from the receivables on a car loan. This entitles the owner to a claim on the principal and interest payments on the particular car loans underpinning the security. The equivalent of the coupon on CARS is a percentage of the interest and principal paid on car loans. An obvious risk associated with CARS is the possibility that a substantial number of loans will default. See also: Credit risk, Mortgage-backed security. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Carrying Charge carrying charges Carrying Cost Of Inventory Carrying costs Carrying Value carryover carryover basis CARS cartel Carve Out carve-out cash Cash & carry Cash & Carry Cash Account |
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