An ABS is pretty much the same thing as a mortgage-backed security, except that the securities backing it are assets such as credit card debt, loans, leases, a company’s receivables, royalties, etc., and not mortgage-based securities.
An ABS is pretty much the same thing as a mortgage-backed security, except that the securities backing it are assets such as credit card debt, loans, leases, a company’s receivables, royalties, etc., and not mortgage-based securities.
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