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Asset-Backed Security
Glossary

Asset-Backed Security

Imagine you're at a party, and someone mentions "asset-backed securities." Sounds like a real snoozefest, right? But wait, before you start yawning, let me tell you why these unsung heroes of the financial world are actually pretty darn cool. Asset-backed securities are like the superheroes of the investment universe, with the power to turn everyday assets into cash-generating machines.