Asset Backed Securities means securities which:

Asset Backed Securities means any debt obligation which has been issued with the benefit of a security interest (however described) over certain other assets, property, revenues or rights of any other description and includes, for the avoidance of doubt, any debt obligation described as a collateralised debt, loan or bond obligation;

Asset Backed Securities. (ABSs) means debt instruments that are backed by a pool of ring fenced financial assets (fixed or revolving), that convert into cash within a finite time period. In addition, rights or other assets may exist that ensure the servicing or timely distribution of proceeds to the holders of the security. Generally, asset-backed securities are issued by a specially created investment vehicle which has acquired the pool of financial assets from the originator or seller. In this regard, payments on the asset-backed securities depend primarily on the cash flows generated by the assets in the underlying pool and other rights designed to assure timely payment, such as liquidity facilities, guarantees or other features generally known as credit enhancements;

Examples of Asset Backed Securities in a sentence

They are termed as Asset Backed Securities (ABS) or Mortgage Backed Securities (MBS).
Any other domestic fixed income securities including Structured Obligation include but are not limited to Asset Backed Securities, Mortgage Backed Securities, Future Flow Transactions, Partial / Full Guarantees Structures.
The Scheme may invest in domestic securitized debt such as Asset Backed Securities (ABS) or Mortgage Backed Securities (MBS).
Risk associated with Securitized DebtThe Scheme may invest in domestic securitized debt such as Asset Backed Securities (ABS) or Mortgage Backed Securities (MBS).
They are termed as Asset Backed Securities (ABS) or Mortgage-Backed Securities (MBS).

More Definitions of Asset Backed Securities

Asset Backed Securities means debt obligations or certificates of beneficial ownership that:

Asset Backed Securities means non-equity securities which either:

Asset Backed Securities means securities which typically entitle the holders thereof to receive payments that depend primarily on the cash flow from a specified pool of financial assets, either fixed or revolving, that by their terms convert into cash within a finite time period, together with rights or other assets designed to assure the servicing or timely distribution of proceeds to holders of such securities.

Asset Backed Securities means any Relevant Indebtedness that:

Asset Backed Securities means securities, other than those governed by section 917, representing loans to, participations in loans to, or equity interests in a person that has as its primary activity the acquisition and holding of assets, directly or through a trustee, for the benefit of its debt or equity holders and includes, but is not limited to, structured securities, pass-through certificates, and other securitized obligations.

Asset Backed Securities means, pursuant to article 2, sub-paragraph 1, of Decree No. 310 the asset backed securities for which a risk weight not exceeding 20% is applicable in accordance with the Bank of Italy's prudential regulations for banks - standardised approach - provided that at least 95% of the relevant securitised assets are: