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.

Source:

• CFA