Business, Legal & Accounting Glossary
A short-term bond, certificate of deposit, debenture, or commercial paper that is backed by automobile loans. Once lenders sell the automobile loans to the public, they use the proceeds to fund additional lending. Investors also receive a moderate amount on interest income.
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Definitions for Certificates Of Automobile Receivables are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.