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APS of a Loan

It stands for absolute prepayment speed; the monthly prepayment (in relation to an ABS (asset backed security) or a loan...

ABS Absolute Prepayment Speed

The monthly prepayment (in relation to an ABS (asset backed security) or a loan or lending arrangement or similar structure/...

Collateral Pool

In general, it refers to a collateralization technique that enables an entity to make collateral available to a counterparty without...

Residential Mortgage-Backed Security

A debt security that pays out based on payments from a pool of individual residential mortgages. It is asset-backed security...

RMBS

It stands for residential mortgage-backed security; a debt security that pays out based on payments from a pool of individual...

Asset-Backed Security

A financial security (and a type of derivative) that is collateralized by a pool of underlying assets. Those assets could…

Zero Spread

The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as…

ABS

It stands for asset backed security; a security that is created by means of a process called "securitization"- the creation...

Asset-Backed Credit Default Swap

A credit default swap on a mortgage-backed security or an asset-backed security. That means the reference obligation in such a...