asset-backed
Adjective
Meaning
asset-backed (not comparable)
(finance) Having assets as collateral.
Synonyms
Related terms
Examples
Also on March 23, the Fed established the TALF to buy asset-backed securities that are backed by auto, student, or small business loans.
Citi topped the list of global bookrunners in both asset-backed securities and collateralized debt obligations in 2007 league tables compiled by Dealogic for Total Securitization.
Memphis, Tenn.-based buyer of government-guaranteed loans, Banes Capital Group, is looking to hire at least three to four asset-backed securities salesmen over the next two to three months.
Mr Ivascyn moved to Pimco in 1998 as a portfolio manager of mortgage- and asset-backed securities.
U.S. asset-backed securities issuance has seen a slow start in 2008, with some market officials saying the year has yet to begin.
Moody’s Corp. and JP Morgan Chase & Co. forecast a total reduction of as much as 30% to the asset-backed loans, or tens of billions of dollars.