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Asset- backed security definition. ​
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37 votes
Asset- backed security definition. ​

User Untergeek
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14 votes

Answer:

"asset-backed security is an investment security a bond or note which is collateralized by a pool of assets, such as loans, leases, credit card debt, royalties, or receivables. An is similar to mortgage-backed security, except that the underlying securities are not mortgage-based."

User Mourad Zouabi
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