asset-backed security definition

asset-backed security

Bonds or notes backed by the cash flow from the asset being financed. Asset backed securities give the investor an unrestricted claim to ownership of the pledged assets. Also called asset based security.

asset-backed security is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.

asset-backed security appears in the definitions of the following terms: collateralized mortgaged obligation (CMO), collateralized loan obligation (CLO), asset-based security, Bowie Bond and asset backed bond

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