Asset-backed security definition

Asset-backed security means a security that is primarily serviced by the cash flows of a discrete pool of mortgages, receivables or other financial assets, fixed or revolving, that by their terms convert into cash within a finite period and any rights or other assets designed to assure the servicing or the timely distribution of proceeds to securityholders;

Asset-backed security means a secu- rity that is primarily serviced by the cashflows of a discrete pool of receiv- ables or other financial assets, either fixed or revolving, that by their terms convert into cash within a finite time period plus any rights or other assets designed to assure the servicing or timely distribution of proceeds to the security holders.

Asset-backed security means a type of bond or note that is based on one or more pools of assets, or collateralized by the cash flows from one or more pools of underlying assets, and includes collateralized bond obligations, collateralized loan obligations, collateralized mortgage obligations, and credit linked notes.

Examples of Asset-backed security in a sentence

• ABS Asset-Backed Security CLO Collateralized Loan Obligation CMO Collateralized Mortgage Obligation CMT Constant Maturity Treasury EMTN Euro Medium Term Note GMTN Global Medium Term Note IO Interest Only LIBOR London Interbank Offered Rate LP Limited Partnership PIK Payment in Kind REIT Real Estate Investment Trust REMIC Real Estate Mortgage Investment Conduit SOFR Secured Overnight Financing Rate VRN Variable Rate Note See accompanying notes to schedule of investments.

• Asset-Backed Security investors will be attracted by the anticipated AAA ratings and comparatively stable cashflow of the transaction.

• A Annual payment frequency for swaps ABS Asset-Backed Security AMBAC American Municipal Bond Assurance Corp.

• Trust, Asset-Backed Security and Mortgage - Other, and its affiliated broker-dealers, which may be deemed affiliates of the Adviser/Administrator and Distributor under the Investment Company Act of 1940, was $60,699, including net realized gains of $1,597.

• LLC -Limited Liability Company N.A. -North America LP -Limited Partnership SCA -Société en Commandite par Actions ABS -Asset-Backed Security PLC -Public Limited Company SA -Sociedad Anonima or Societe Anonyme AG -Aktiengesellschaft SARL -Societe a Responsabilite Limitee NV -Naamloze Vennottschap ASA -Allmennaksjeselskap FHLMC -Federal Home Loan Mortgage Corporation At March 31, 2023, the cost of investment securities for tax purposes was $488,145,930.

More Definitions of Asset-backed security

Asset-backed security means any security that is primarily serviced by the cash flows of a distinct pool of receivables or other financial assets, either fixed or revolving, that by their terms convert into cash within a finite time period, together with any rights or other assets designed to assure the servicing or timely distribution of proceeds to security holders;

Asset-backed security means a security that is serviced primarily by the cash flows of a discrete pool of re- ceivables or other financial assets, ei- ther fixed or revolving, that by their terms convert into cash within a finite time period plus any rights or other as- sets designed to assure the servicing or timely distribution of proceeds to the security holders.

Asset-backed security means a security that is serviced

Asset-backed security means a security or other instrument, excluding a mutual fund, evidencing an interest in, or the right to receive payments from, or payable from distributions on, an asset, a pool of assets or specifically divisible cash flows which are legally transferred to a trust or another special purpose bankruptcy-remote business entity, on the following conditions:

Asset-backed security means a security or other instrument,

Asset-backed security means a fixed income security (other than a Government security) issued by a Spe- cial Purpose Entity (as defined in this paragraph), substantially all of the as- sets which consist of Qualifying Assets (as defined in this paragraph). Special Purpose Entity means a trust, corpora- tion, partnership or other entity orga- nized for the sole purpose of issuing se- curities that entitle their holders to re- ceive payments that depend primarily on the cash flow from Qualifying As- sets, but does not include a registered investment company. Qualifying Assets means financial assets, either fixed or revolving, that by their terms convert into cash within a finite time period, plus any rights or other assets designed to assure the servicing or timely dis- tribution of proceeds to security hold- ers.

Asset-backed security means a security that is serviced primarily by the cash flows of a discrete pool ofreceivables or other financial assets,either fixed or revolving, that by their terms convert into cash within a finite time period plus any rights or otherassets designed to assure the servicingor timely distribution of proceeds to the security holders.