SIE: Asset-backed Security

Taken from our Securities Industry Essentials Exam

Definition of the term Asset-backed Security...

a debt security backed by a pool of financial assets, such as automobile loans, credit card debt, or home equity loans.

Since you're reading about SIE: Asset-backed Security, you might also be interested in:

Solomon Exam Prep Study Materials for the SIE
Please Enable Javascript
to view this content!