ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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ASSET BACKED SECURITY Definition
ASSET BACKED SECURITY is a debt instrument collateralized by credit card receivables, auto loans or other assets and securitized by a bank or financial institution. To reduce the possibility of a disruption in principal and interest payments, the cash flow from these assets is enhanced by a variety of methods including letter of credit support, insurance, overcollateralization and excess interest.
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IPO (INITIAL PUBLIC OFFERING) is the first or primary offering of stock to the public.
TIC/EBIT is one of the earnings multiples ratios used in determining company value.
