What is an Asset-Backed Security?
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Keywords: Mortgage-Backed Securities (MBS), asset-backed securities, investing, tranches, Collateralized Mortgage Obligation (CMO), prepayment risk, PAC, royalty income, financial guaranty insurance, Collateralized Debt Obligation (CDO), What is Bond Insurance?
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Keywords: insurance, default risk, asset-backed securities, corporate bonds, risk free rate, risk premium, treasury bonds, coupon rate, nominal yield, Credit Rating Agencies (CRA), municipal bonds, Collateralized Debt Obligation (CDO), What is Cash-Flow Financing?
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Keywords: cash flow, cycles, inventory, EV/EBITDA, financing, asset-backed loan, senior stretch loan, over-advance loan, collateral, loan refinancing, business cycle,