Asset backed security
The financial definition for Asset backed security:
A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate.
Beta 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.
Cabinet securityCabinet security
A stock or bond listed on a major exchange with low daily traded volume.
Convertible securityConvertible security
A security that can be converted into common stock at the option of the securityholder; includes convertible bonds and convertible preferred stock.
Further Suggestions Credit linked security
Employee Retirement Income Security Act (ERISA)
Fixed dollar security
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