Financial Asset Securitization Investment Trust

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Definition: Financial Asset Securitization Investment Trust

Financial Asset Securitization Investment Trust

Quick Summary of Financial Asset Securitization Investment Trust

A securitization tool to pool various types of contractual debt obligations and spread the risk to investors. Similar to a Real Estate Mortgage Investment Conduit (REMIC), a financial asset securitization investment trust has the advantage of working with a funding pool that is not frozen. Rules for such trusts were approved by Congress in 1996 but were repealed in 2004 because of the ENRON scandal. However, the rules still apply for trusts that existed before October 22nd, 2004.

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Synonyms For Financial Asset Securitization Investment Trust

FASIT

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Definition Sources

Definitions for Financial Asset Securitization Investment Trust 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: 20th November, 2021 | 0 Views.