Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

asset-backed security

Read a random definition: Lochnerize

A quick definition of asset-backed security:

An asset-backed security is a type of investment that is backed by assets, such as loans or mortgages. This means that if the borrower defaults on their loan, the investor can

A more thorough explanation:

An asset-backed security is a type of financial investment that is backed by a pool of assets, such as loans or mortgages. These assets generate cash flows, which are used to pay back the investors who bought the security.

For example, a bank may bundle together a group of mortgages and sell them as an asset-backed security to investors. The cash flows from the mortgage payments are used to pay back the investors who bought the security.

Asset-backed securities are a way for companies to raise money by selling off their assets. They are also a way for investors to diversify their portfolios and earn a return on their investment.

asset allocation | asset-based financing

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 14 👎
Help us make LSD better!
Tell us what's important to you
babycat
16:37
I'm guessing you don't have a sibling named babycat but I hope I still make you marginally happier than normal despite this
JumpySubsequentDolphin
16:38
maybe he has a babycat
babycat
16:38
I think everyone should have a babycat
JumpySubsequentDolphin
16:39
im allergic to baby cats >:(
JumpySubsequentDolphin
16:40
I used to have a babycat, I only got allergies after he died
JumpySubsequentDolphin
16:40
I think he’s haunting me
babycat
16:40
:(
babycat
16:40
that's too bad
babycat
16:40
you still have me though <3
@babycat: you make my day marginally happier with your scathing wit
16:43
New Father John Misty album out today
16:44
People saying it’s his best yet by far
babycat
16:45
what would I do without you renard99
awww ty wasp :)
i have 4 (baby) cats!
16:46
Damn you know her sarcasm is meant to be scathing when she calls me by my full username and not just Renard
JumpySubsequentDolphin
16:47
@jackfrost11770: FOUR?!??
16:48
I’m only teasing Babycat ily I’ll be seeing you in [REDACTED] very very soon
YES
and they're all rescues from breeders so they're all long haired persians .... w flat faces ....
they're all runts cause breeders just ... dispose of them (:(((() so they're all super tiny
literal babies
babycat
16:49
ily2 renard99
initiallaw
16:49
omg so cute
JumpySubsequentDolphin
16:51
@jackfrost11770: IM SO JEALOUS
2big2fail
16:52
perhaps peggerdine this evening
2big2fail
16:52
but then again, perhaps not
JumpySubsequentDolphin
16:53
damn no ucla wave
16:56
Hey guys! chance me 340/340GRE- 2 years work experience at PIL and wrote compelling statements. but my masters gpa is kinda 3.1 because I was domestically abused. :p
babycat
16:59
schools mostly care about your undergrad GPA
LSD+ is ad-free, with DMs, discounts, case briefs & more.