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0xDEAFBEAD
on Nov 30, 2023
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Sam Altman returns as CEO, OpenAI has a new initia...
"Asset-backed securities" doesn't sound like corporate equity to me.
jacquesm
on Nov 30, 2023
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In a broad reading it could easily be just that.
Securities class contains stock
Stock = backed by the company balance sheet
0xDEAFBEAD
on Dec 1, 2023
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What would be an example of a non-asset-backed security?
jacquesm
on Dec 1, 2023
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In the financial world asset backed securities are typically anything that isn't a mortgage, I think that some crypto would qualify as well as the rights to future profits on some venture.
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