Asset-Backed Security
An asset-backed security is backed by pooled receivables or loans, converting asset cash flows into tradable structured-credit securities.
Fixed-income terms for asset-backed securities, pass-through securities, securitized bonds, SPVs, structured finance, and SIVs.
Structured credit securitization vehicles are legal and financing structures that transform asset pools into tradable fixed-income claims.
Use this branch when repayment depends on a vehicle, trust, pass-through arrangement, or structured-finance design rather than a simple corporate bond promise.
| Term | What it clarifies |
|---|---|
| Asset-Backed Security | A security backed by a pool of financial assets. |
| Pass-Through Security | A structure passing cash flows from assets to investors. |
| Securitized Bond | A bond backed by securitized assets. |
| Special Purpose Vehicle | A vehicle used to isolate assets and issue securities. |
| Structured Finance | Financing built around asset pools, tranches, and cash-flow rules. |
| Structured Investment Vehicle | A structured vehicle historically associated with funding and asset-liability risks. |
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An asset-backed security is backed by pooled receivables or loans, converting asset cash flows into tradable structured-credit securities.
A pass-through security distributes principal and interest from pooled loans to investors after servicing and administrative fees.
Bond backed by a pool of financial assets such as mortgages, receivables, or other cash-flow claims.
A special purpose vehicle is a separate legal entity used to hold assets, isolate risk, or support securitization and financing structures.
Structured finance uses securitization, tranching, and special-purpose vehicles to reshape asset cash flows, credit risk, and investor exposures.
A structured investment vehicle is a financing vehicle that funds longer-term assets with shorter-term liabilities, creating leverage and liquidity risk.