Tag: backed

Source: WikipediaLast Sourced: 2021-02-01This Article has been Edited for AccessibilitySecurity Security is freedom from, or resilience against, potential harm (or other unwanted coercive change)...

What is 'Early Amortization' A type of credit enhancement used in certain asset backed securities (ABS). Early amortization is an accelerated payment...

What is 'Targeted Amortization Class - TAC' A type of credit derivative that is similar to a planned amortization class (PAC) in...

DefinitionA pass-through certificates is an instrument that evidences the ownership of two or more equipment trust certificates. In other words, equipment trust certificates may...

What is 'Call Loan' A loan provided to a brokerage firm and used to finance margin accounts. The interest rate on a...

What is 'Obligation Bond' A municipal bond used to secure a mortgage on property or other physical assets that can be liquidated....

DefinitionA VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs. The program is for...

What is 'Z-Bond' The final tranche in a series of mortgage-backed securities that is the last one to receive payment. Used in...