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Insurance Definition: ASSET-BACKED SECURITIES

By Compuquotes Team on March 27th, 2008

ASSET-BACKED SECURITIES:

Definition:

  • Bonds that represent pools of loans of similar types, duration and interest rates. Almost any loan with regular repayments of principal and interest can be securitized, from auto loans and equipment leases to credit card receivables and mortgages.

Information provided by Insurance Information Institute

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