Meaning of the acronym ABS
In securitisation, the acronym ABS stands for Asset-backed security.
Short definition from the glossary of financial terms
Asset-backed securities are securities that are secured by a pool of assets. The originator, usually a bank or other type of financial institution, sells the assets to a special purpose vehicle (SPV) which in turn issues the asset-backed securities to finance the acquisition.
Read the full definition of Asset-backed security in the glossary of financial terms.