115.070.04.07 Fixed Income - Reading 45 - 7. Non-Mortgage Asset-Backed Securities
7. Non-Mortgage Asset-Backed Securities
h. describe types and characteristics of non-mortgage asset-backed securities, including the cash flows and risks of each type;
What are Auto Loan Receivable-Backed Securities?
A security with the underlying collaterals of amortizing auto loans and lease receivable
What is a credit card receivable-backed security?
A security that collateralizes credit card payments.