Series 65: 2.12. Asset-Backed And Mortgage-Backed Securities

Taken from our Series 65 Online Guide

2.12. Asset-Backed and Mortgage-Backed Securities

Bonds that are backed by the cash flows of other kinds of debt are called asset-backed securities (ABS). These securities can be backed by many kinds of debt, including residential mortgages, commercial mortgages, auto loans, and credit card debt obligations. This type of financial p

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