Risk Solutions for Carriers
Loan definition.ABS(1) Initials for asset-backed protection. See security that is asset-backed. Banker’s Glossary ABOSee accumulated benefit responsibility. (2) The name for the meeting used to state the price of prepayments for the asset-backed safety. ABS expresses principal prepayments as a portion associated with initial quantity of loans or contracts within the pool of securitized loans…
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