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  • 15-03-2021
  • Business
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asset- backed security definition. ​

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  • 17-03-2021

Answer:

"asset-backed security is an investment security a bond or note which is collateralized by a pool of assets, such as loans, leases, credit card debt, royalties, or receivables. An is similar to mortgage-backed security, except that the underlying securities are not mortgage-based."

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