Cash Asset Backed Security Instrument
From Open Risk Manual
Revision as of 13:43, 1 December 2022 by Wiki admin (talk | contribs)
Definition
Cash Asset Backed Security Instrument. An asset-backed security is a type of bond or note that is based on pools of assets, or collateralized by the cash flows from a specified pool of underlying assets. Assets are pooled to make otherwise minor and uneconomical investments worthwhile, while also reducing various risks by diversifying the underlying assets.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
