Series 66: 2.4.16 Asset-Backed And Mortgage-Backed Securities

Taken from our Series 66 Online Guide

2.4.16 Asset-Backed and Mortgage-Backed Securities

Bonds that are backed by the cash flows of other kinds of debt are called asset-backed securities (ABSs). These securities can be backed by many kinds of debt, including residential mortgages, commercial mortgages, auto loans, and credit card debt obligations. This

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