ABS


ABS
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").
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:

  • ABS — is a three letter initialism that may call : * Able Seaman (rank) * Able Seaman (occupation) * Abu Simbel Airport (IATA airport code: ABS), in Abu Simbel, Egypt * Acrylonitrile butadiene styrene, a plastic * Acute Bacterial Sinusitis, sinus… …   Wikipedia

  • ABS — ABS  многозначная аббревиатура, может обозначать: Антиблокировочная система торможения (англ. Anti lock braking system)  электронная система, предотвращающая блокировку колёс и потерю управляемости транспортного средства при… …   Википедия

  • Abs. — Abs. 〈Abk. für〉 1. Absatz 2. Absender * * * Abs. = Absatz; Absender. * * * Abs. = ↑Absatz (2); Absender …   Universal-Lexikon

  • abs... — abs..., Abs... 〈Vorsilbe〉 = ab...2, Ab...2 * * * abs...   [lateinisch], ab …   Universal-Lexikon

  • Abs... — abs..., Abs... 〈Vorsilbe〉 = ab...2, Ab...2 * * * abs...   [lateinisch], ab …   Universal-Lexikon

  • abs — abs·que; ABS; abs; …   English syllables

  • ABS — (el. abs) sb., ABS’en (fork. for anti blocking system (et bremsesystem)) …   Dansk ordbog

  • abs — (el. ABS) sb., abs’en (fork. for anti blocking system (et bremsesystem)) …   Dansk ordbog

  • ABS — [aːbeː |ɛs] ohne Artikel, indeklinabel; (Abk für Antiblockiersystem) ein System, das verhindert, dass die Reifen eines Autos blockieren, wenn man stark bremst: Der Wagen ist mit ABS ausgerüstet …   Langenscheidt Großwörterbuch Deutsch als Fremdsprache

  • abs... — abs…, Abs… 〈Vorsilbe〉 ab…, Ab… …   Lexikalische Deutsches Wörterbuch


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