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certificate for automobile receivables (CARS)
1 dictionary results for: certificate for automobile receivables (CARS)
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certificate for automobile receivables (CARS)
- A short-term debt security backed by automobile loans and originating when lenders package and resell the automobile loans to the public. CARS provide lenders with more funds to use in additional lending and provide investors with relatively safe securities that pay short-term interest rates slightly above Treasury securities of similar maturity.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott.
Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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