CARD is Certificate for Amortizing Revolving Debts; an asset-backed security backed by credit card receivables.
SECONDARY MARKET is buyers and sellers willing to trade securities after their initial issuance.
FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA) is a private corporation chartered by the U.S. Government to provide mortgage money for home buyers. FNMA buys mortgages from lenders and sells mortgages to investors. FNMA guarantees the timely payment of both interest and principal. Also known as "Fannie Mae".
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