Business, Legal & Accounting Glossary
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.
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Definitions for Asset Backed Credit Default Swap are sourced/syndicated and enhanced from:
This glossary post was last updated: 19th November, 2021 | 0 Views.