Generally, a security whose servicing (interest and repayment) is based on the (current) payment of claims to which the issuer of the issue is entitled. These receivables are usually mortgage loans to companies and private households as well as loan receivables from public institutions registered in the registry of deeds and, as a cover pool, are subject to a more or less strict legal framework. – See asset-backed securities, collateralized debt obligation, covered bond, poison paper, insurance-linked securities, intabulation, security fund bond.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
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https://www.gerhardmerk.de/

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