Question
What are asset backed securities?
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5th May 2010 by Gary B
An asset backed security is pretty much the same thing as a security backed by a mortgage, with the exception of the collateral being different. For example, an asset backed security can be backed by anything acceptable to the buyer, other than mortgages or real estate. Things like loans, receivables or leases are an example.
An asset backed security is pretty much the same thing as a security backed by a mortgage, with the exception of the collateral being different. For example, an asset backed security can be backed by anything acceptable to the buyer, other than mortgages or real estate. Things like loans, receivables or leases are an example.
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26th Oct 2009 In Investing
1 Answers | 165 Views
Subjects: asset backed securities,
securities,