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Finance Dictionary and Glossary of Investment Terms
Asset-Backed Security
Definition 1.
A security backed by notes or receivables against assets other than real estate.
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Definition 2.
A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate.
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Definition 3.
Bonds or notes backed by loan paper or accounts receivable originated by banks, credit card companies, or other providers of credit; not mortgages.
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