asset-backed securities

asset-backed securities
International
asset-backed securities, Also referred to as ABS.
debt securities (debt security) (such as bonds or notes) which are issued in the course of a securitisation and backed, that is funded by and secured over, a portfolio of cash flow-generating assets such as credit card receivables, trade receivables, auto loans and leases (though not, generally, mortgage loans as these are more commonly referred to as "mortgage-backed securities").
USA
A debt security on which payments of principal and interest are made to the holders from revenue generated by an underlying pool of assets (usually mortgages, credit card receivables, student loans or other loans, or a combination of these). The underlying assets are pledged to the holders of the security as collateral for the payment by the issuer of principal and interest on the security. Asset-backed securities are most commonly issued by a special purpose entity as part of a securitization or structured finance transaction.
Glossary

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • asset backed securities — International asset backed securities, Also referred to as ABS. debt securities (debt security) (such as bonds or notes) which are issued in the course of a securitisation and backed, that is funded by and secured over, a portfolio of cash flow… …   Law dictionary

  • Asset Backed Securities — Ein forderungsbesichertes Wertpapier (englisch: „asset backed security“, kurz „ABS“) ist ein verzinsliches Wertpapier, welches Zahlungsansprüche gegen eine Zweckgesellschaft (englisch: „Special Purpose Vehicle“, kurz „SPV“) zum Gegenstand hat und …   Deutsch Wikipedia

  • Asset Backed Securities — Titre adossé à des actifs Pour les articles homonymes, voir ABS (homonymie). Un asset backed security (ABS), ou « valeur mobilière adossée à des actifs » en français, est une valeur mobilière dont les flux sont basés sur ceux d un actif …   Wikipédia en Français

  • Asset backed securities — Titre adossé à des actifs Pour les articles homonymes, voir ABS (homonymie). Un asset backed security (ABS), ou « valeur mobilière adossée à des actifs » en français, est une valeur mobilière dont les flux sont basés sur ceux d un actif …   Wikipédia en Français

  • Asset-backed securities index — An asset backed securities index, or ABX, is a credit derivative instrument with asset backed securities as an underlying.On January 17, 2006, CDS Indexco and Markit launched ABX.HE, a synthetic asset backed credit derivative index, with plans to …   Wikipedia

  • Asset Backed Securities (ABS) — spezifische Form der Verbriefung von Zahlungsansprüchen in handelbaren Wertpapieren gegenüber einer Finanzierungsgesellschaft (⇡ Asset Backed Securities Corporation). Sie entstehen durch die Bündelung bestimmter Finanzaktiva von Unternehmen, zu… …   Lexikon der Economics

  • Asset Backed Securities Corporation — Finanzierungsgesellschaft in Zusammenhang mit der Platzierung von ⇡ Asset Backed Securities …   Lexikon der Economics

  • Asset-Backed Securities — (ABS) представляют собой ценные бумаги, которые дают их владельцам право на получение денежных поступлений от определенного пула (набора) активов. Ипотечные Ценные Бумаги (ИЦБ), которые в англоязычной литературе называются MBS (Mortgage Backed… …   Ипотека. Словарь терминов

  • asset-backed securities — /ˌæset bækt si kjυərɪtiz/ plural noun shares which are backed by the security of assets …   Dictionary of banking and finance

  • Lehman Brothers Asset-Backed Securities Index — A fixed income index that focuses on asset backed securities. The Lehman Brothers Asset Backed Securities Index serves as the performance benchmark for many ABS funds. The index includes pass through, controlled amortization and bullet structured …   Investment dictionary

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