3 ms·
"Asset-backed securities" doesn't sound like corporate equity to me.
by 0xDEAFBEAD 3y ago
"Asset-backed securities" doesn't sound like corporate equity to me.
- jacquesm 3y agoIn a broad reading it could easily be just that. Securities class contains stock Stock = backed by the company balance sheet
- 0xDEAFBEAD 3y agoWhat would be an example of a non-asset-backed security?
- jacquesm 3y agoIn the financial world asset backed securities are typically anything that isn't a mortgage, I think that some crypto would qualify as well as the rights to future profits on some venture.