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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Asset-Backed Security  

Definition 1.

A security backed by notes or receivables against assets other than real estate.
 

Definition 2.

A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate.
 

Definition 3.

Bonds or notes backed by loan paper or accounts receivable originated by banks, credit card companies, or other providers of credit; not mortgages.
 
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