Definition of asset-backed in English:
Denoting securities having as collateral the return on a series of mortgages, credit agreements, or other forms of lending.
- We are today forced to wait for the protracted boom in mortgage finance and asset-backed securities to run its course.
- Today, we see that investors and speculators are increasingly willing to hold risky junk bonds, asset-backed securities, mortgage-backs, agency debt, and even corporate bonds.
- The capital markets have also played a key role, with the proliferation of mortgage and asset-backed securities.
Definition of asset-backed in:
- British & World English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan