Asset-backed security means a security that is primarily serviced by the cash flows of a discrete pool of mortgages, receivables or other financial assets, fixed or revolving, that by their terms convert into cash within a finite period and any rights or other assets designed to assure the servicing or the timely distribution of proceeds to securityholders;
Asset-backed security means a secu- rity that is primarily serviced by the cashflows of a discrete pool of receiv- ables or other financial assets, either fixed or revolving, that by their terms convert into cash within a finite time period plus any rights or other assets designed to assure the servicing or timely distribution of proceeds to the security holders.
Asset-backed security means security that is primarily serviced by the cash flows of a distinct pool of receivables or other financial assets, either fixed or revolving, that by their terms convert into cash within a finite time period, together with any rights or other assets designed to assure the servicing or timely distribution of proceeds to security holders;
More Definitions of Asset-backed security
Asset-backed security means a type of bond or note that is based on one or more pools of assets, or collateralized by the cash flows from one or more pools of underlying assets, and includes collateralized bond obligations, collateralized loan obligations, collateralized mortgage obligations, and credit linked notes.
Asset-backed security means a security that is serviced primarily by the cash flows of a discrete pool of re- ceivables or other financial assets, ei- ther fixed or revolving, that by their terms convert into cash within a finite time period plus any rights or other as- sets designed to assure the servicing or timely distribution of proceeds to the security holders.
Asset-backed security means a security that is serviced
Asset-backed security means a security or other instrument, excluding a mutual fund, evidencing an interest in, or the right to receive payments from, or payable from distributions on, an asset, a pool of assets or specifically divisible cash flows which are legally transferred to a trust or another special purpose bankruptcy-remote business entity, on the following conditions:
Asset-backed security means a security or other instrument,
Asset-backed security means a security that is serviced primarily by the cash flows of a discrete pool of fixed or revolving receivables or other financial assets that by their terms convert into cash within a finite time. The term includes rights or other assets that ensure the servicing or timely distribution of proceeds to the holder of the asset-backed security. The term does not include an asset to which section 15-1.2-401, 15-1.2-409, or 15-1.2-414 applies.
Asset-backed security means a fixed income security (other than a Government security) issued by a Spe- cial Purpose Entity (as defined in this paragraph), substantially all of the as- sets which consist of Qualifying Assets (as defined in this paragraph). Special Purpose Entity means a trust, corpora- tion, partnership or other entity orga- nized for the sole purpose of issuing se- curities that entitle their holders to re- ceive payments that depend primarily on the cash flow from Qualifying As- sets, but does not include a registered investment company. Qualifying Assets means financial assets, either fixed or revolving, that by their terms convert into cash within a finite time period, plus any rights or other assets designed to assure the servicing or timely dis- tribution of proceeds to security hold- ers.