Asset Backed Credit Default Swap

Business, Legal & Accounting Glossary

Definition: Asset Backed Credit Default Swap


Asset Backed Credit Default Swap

Quick Summary of Asset Backed Credit Default Swap


A derivative security that uses a borrower’s ability to pay debt on an asset to determine the value of the instrument. For example, a pool of mortgages may be sold as one instrument; the purchaser of the ABCDS is buying protection against a default by the borrower.




Synonyms For Asset Backed Credit Default Swap


ABCDS


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December 07, 2021 https://payrollheaven.com/define/asset-backed-credit-default-swap/.
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Asset Backed Credit Default Swap. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/asset-backed-credit-default-swap/ (accessed: December 07, 2021).
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Asset Backed Credit Default Swap. PayrollHeaven.com. Retrieved December 07, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/asset-backed-credit-default-swap/

Definition Sources


Definitions for Asset Backed Credit Default Swap are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 19th November, 2021 | 0 Views.