Retrieving "Asset Backed Securities" from the archives
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Debt Obligations
Linked via "asset-backed securities"
The presence or absence of collateral defines whether an obligation is secured or unsecured.
Secured Debt: Backed by a specific asset that the creditor can seize upon default. Examples include mortgages (secured by real estate) and asset-backed securities. The perceived security of the collateral is often inversely proportional to its actual market liquidity.
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