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Meaning of asset-backed security | Babel Free

Noun CEFR B2

Definitions

A security whose income payments, and hence value, are derived from and collateralized by a specified pool of underlying assets.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

asset-stripping assetization assetlessness Assets assets; wealth Asseverate

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