The creation of debt securities backed by cash flows, with no recourse to the borrower....
more on SecuritisationFound on
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The creation of financial assets by combining other similar assets, ranging from mortgages to... <a target=_blank href='http://www.finance-glossary.com/terms/securitisation.htm?id=12717&ginPtrCode=00000&PopupMode=false' title='Read full definition of securitisation'>more</a>
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The process of transforming financial obligations into tradable securities such as shares or bonds. Bonds backed by mortgages or credit card receivables are well-known examples.
Found on
https://www.encyclo.co.uk/local/21466
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