Asset-backed security
 |
| Docs | Secured MTN. Heavy, but dreary. | 7 |
| Amendability | Fat chance. If you don’t like it, ummm — well, what did you buy it for? | 0 |
| Collateral | Fully funded, backed with juicy second mortgages on residential homes in suburban Reno? Yum Yum. | 7 |
| Transferability | Bearer paper right? Good luck with that. Buy ABS, get stuck with it. | 7 |
| Leverage | Usually not, but skip down the tranches and just maybe! | 4 |
| Fright-o-meter | Can frighten the bejesus out of those of a nervous disposition. But bark worse than bite. | 5 |