HomeDefinitionsCompareDebt Asset backed securityThe financial definition for Asset backed security:A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate. Similar MatchesBeta equation (security)Beta equation (security)The market beta of a security is determined as follows: Regress beta of stock y on excess returns of the market. The slope coefficient is beta. Define n as number of observation numbers. Beta= [(n) (sum of [xy]) ]-[ (sum of x) (sum of y)]/ [(n) (sum of [xx]) ]-[ (sum of x) (sum of x)] where: n = # of observations (usually 36 to 60 months) x = rate of beta for the S&P 500 index y = rate of return for the security. Related: beta Cabinet securityCabinet securityA stock or bond listed on a major exchange with low daily traded volume. Convertible securityConvertible securityA security that can be converted into common stock at the option of the securityholder; includes convertible bonds and convertible preferred stock. Further SuggestionsCredit linked securityDerivative security Employee Retirement Income Security Act (ERISA) Fixed dollar security Graduated security Host security Hybrid security Click to compare definitions of Asset backed security Click to view definitions beginning as |