CARDs


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CARDs

Certificates for Amortizing Revolving Debts

Pass-through securities backed by the receivables on credit cards. That is, they are debt securities in which the holders are entitled to the principal and interest on the credit card payments underlying them. CARDs are structured in a similar way to mortgage-backed securities.

CARDS

References in classic literature ?
And strange to say Nicholas felt that he could not help taking up a card, putting a small stake on it, and beginning to play.
"Why, this is Count de Coude, of France." "If I am mistaken," said the accuser, "I shall gladly apologize; but before I do so first let monsieur le count explain the extra cards which I saw him drop into his side pocket."
Kearns himself drew two cards, but did not look at them.
"And indeed, now I think again, I have a strong impression that I have another good card here, not yet enumerated.
She flung her cards on the table, and sprang to her feet.
The old man replied by shaking the little purse in his eager hand, and then throwing it down upon the table, and gathering up the cards as a miser would clutch at gold.
As the trump card was turned up, at the commencement of the second deal, two young ladies hurried into the room, and took their stations on either side of Mrs.
Cluny sat at the table, biting the pack of cards. Alan had stooped over the bed, and had his face close to my eyes; to which, troubled as they were with the fever, it seemed of the most shocking bigness.
And whereas there is now hardly a town of France or Italy in which you shall not see some noble countryman of our own, with that happy swagger and insolence of demeanour which we carry everywhere, swindling inn-landlords, passing fictitious cheques upon credulous bankers, robbing coach- makers of their carriages, goldsmiths of their trinkets, easy travellers of their money at cards, even public libraries of their books--thirty years ago you needed but to be a Milor Anglais, travelling in a private carriage, and credit was at your hand wherever you chose to seek it, and gentlemen, instead of cheating, were cheated.
I looked at the card. There was a foreign name written on it, which has escaped my memory.
"The mistake arose out of my card, did it?" interposed Margaret.
And now, there stood Lady Janet, unaccustomed to have her wishes disregarded by anybody, with her band extended, waiting for the card!

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