asset-backed security


asset-backed security
International
asset-backed securities, Also referred to as ABS.
debt securities (debt security) (such as bonds or notes) which are issued in the course of a securitisation and backed, that is funded by and secured over, a portfolio of cash flow-generating assets such as credit card receivables, trade receivables, auto loans and leases (though not, generally, mortgage loans as these are more commonly referred to as "mortgage-backed securities").
+ asset-backed security (ABS)
USA
A debt security on which payments of principal and interest are made to the holders from revenue generated by an underlying pool of assets (usually mortgages, credit card receivables, student loans or other loans, or a combination of these). The underlying assets are pledged to the holders of the security as collateral for the payment by the issuer of principal and interest on the security. Asset-backed securities are most commonly issued by a special purpose entity as part of a securitization or structured finance transaction.
Glossary

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • asset backed security — International asset backed securities, Also referred to as ABS. debt securities (debt security) (such as bonds or notes) which are issued in the course of a securitisation and backed, that is funded by and secured over, a portfolio of cash flow… …   Law dictionary

  • asset-backed security — ( ABS) A debt security collateralized by assets. Created from the securitization of any loans other than mortgage loans. Securitized mortgage loans are called mortgage backed securities ( mortgage backed security) or collateralized mortgage… …   Financial and business terms

  • asset–backed security — see security Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Asset-backed security — In finance, an asset backed security is a type of debt security that is based on pools of assets, or collateralized by the cash flows from a specified pool of underlying assets. Assets are pooled to make otherwise minor and uneconomical… …   Wikipedia

  • Asset-Backed-Security — Ein forderungsbesichertes Wertpapier (englisch: „asset backed security“, kurz „ABS“) ist ein verzinsliches Wertpapier, welches Zahlungsansprüche gegen eine Zweckgesellschaft (englisch: „Special Purpose Vehicle“, kurz „SPV“) zum Gegenstand hat und …   Deutsch Wikipedia

  • Asset-Backed Security — Ein forderungsbesichertes Wertpapier (englisch: „asset backed security“, kurz „ABS“) ist ein verzinsliches Wertpapier, welches Zahlungsansprüche gegen eine Zweckgesellschaft (englisch: „Special Purpose Vehicle“, kurz „SPV“) zum Gegenstand hat und …   Deutsch Wikipedia

  • Asset-backed security — A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate. The New York Times Financial Glossary * * * asset backed security asset backed security ➔ security …   Financial and business terms

  • Asset-backed security — Titre adossé à des actifs Pour les articles homonymes, voir ABS (homonymie). Un asset backed security (ABS), ou « valeur mobilière adossée à des actifs » en français, est une valeur mobilière dont les flux sont basés sur ceux d un actif …   Wikipédia en Français

  • Asset Backed Security — Titre adossé à des actifs Pour les articles homonymes, voir ABS (homonymie). Un asset backed security (ABS), ou « valeur mobilière adossée à des actifs » en français, est une valeur mobilière dont les flux sont basés sur ceux d un actif …   Wikipédia en Français

  • asset-backed security — A bond or note whose collateral is the cash flows from a pool of financial obligations such as mortgages, car loans, or credit card receivables. See securitization …   Big dictionary of business and management