From The Jolly Contrarian
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| {{a|repack|{{subtable|'''[[Asset-backed security]]''' — The term “[[asset-backed security]]”— <br>
| | [[asset-backed security]] |
| (A) means a fixed-income or other security collateralized by any type of [[self-liquidating financial asset]] ([[including]] a loan, a lease, a mortgage, or a secured or unsecured receivable) that allows the holder of the security to receive payments that depend primarily on cash flow from the asset, including—
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| :(i) a collateralized mortgage obligation;
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| :(ii) a collateralized debt obligation;
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| :(iii) a collateralized bond obligation;
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| :(iv) a collateralized debt obligation of asset-backed securities;
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| :(v) a collateralized debt obligation of collateralized debt obligations; and
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| :(vi) a security that the Commission, by rule, determines to be an asset-backed security for purposes of this section; and <br>
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| (B) does not include a security issued by a finance subsidiary held by the parent company or a company controlled by the parent company, if none of the securities issued by the finance subsidiary are held by an entity that is not controlled by the parent company. <ref>15 USC § 78c(a)(79) Source: https://www.law.cornell.edu/definitions/uscode.php?def_id=15-USC-1398525309-2067023687</ref>}}}}{{us disclaimer}}
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| {{sa}}
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| *[[US private placement]]
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| {{ref}}
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Revision as of 09:57, 28 February 2023