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Define asset-backed security.​
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Define asset-backed security.​

User Mostafa Mohsen
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An asset-backed security is a type of financial investment that is collateralized by an underlying pool of assets—usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, or receivables.
User PatrikJ
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An asset-backed security is a security whose income payments and hence value are derived from and collateralized by a specified pool of underlying assets. The pool of assets is typically a group of small and illiquid assets which are unable to be sold individually.

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User Rapunzo
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