Series 24: 4.5. Asset-Backed Securities

Taken from our Series 24 Online Guide

4.5. Asset-Backed Securities

Bonds that are backed by the cash flows of other kinds of debt are called asset-backed securities (ABS). These securities can be backed by many kinds of debt, including residential mortgages, commercial mortgages, auto loans, and credit card debt obligations. This type of financial practice is called securitization. The principal and interes

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