Definition of asset-backed in English:

asset-backed

Syllabification: as·set-backed

adjective

[attributive]
  • Denoting securities having as collateral the return on a series of mortgages, credit agreements, or other forms of lending.
    More example sentences
    • 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.

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Word of the day milord
Pronunciation: məˈlôrd
noun
used to address an English nobleman