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Unformatted text preview: Mortgage Backed Securities- an asset-backed security or debt obligation that represents a claim on the cash flows from mortgage loans, most commonly on residential property. Financial Engineering – the creation/use of intermediaries and financial tools to achieve desired end results. Rearranging of wealth/bundling and unbundling of financial assets. It allows investors to avoid sources of risk more efficiently. Financial Derivative – a financial instrument - or more simply, an agreement between two people or two parties - that has a value determined by the price of something else...
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This note was uploaded on 11/08/2010 for the course ECN 134 taught by Professor Unknown during the Spring '09 term at UC Davis.
- Spring '09