Published: 15 Jul 2022 › Updated: 15 Jul 2022
LeoGlossary: Asset-Backed Security ABS)
Pools of loans that are packaged and sold to investors as securities.
The loans that are typically used:
- Mortgages
- Credit Card Receivables
- Vehicle Loans
- Student Loans
- Home Equity
This is a process known as securitization.
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