View source for Securitisation

{{fwmd|securitisation}}The process of [[financing]] an abstract contractual right for the payment of money — or more usually, a large collection of abstract contractual rights — like a portfolio of credit card receivables, student debts, commercial mortgages or [[David Bowie|albums full of moody instrumentals recorded in Berlin]] — by {{strike|dumping them in|selling them at their market value }}to an [[espievie]], and having the [[espievie]] issue [[m,edium term note]]s secured on the [[espievie]]’s rights and title to that portfolio of mortgages.

Rescued a [[David Bowie|rock star]]’s moribund career in the 1990s, nearly blew up the [[Global financial crisis|financial world in 2008]]. So a boon and a bane, really.