A type of bond backed by a pool of high-quality assets (such as mortgages or public sector loans) that remain on the issuer’s balance sheet. If the issuer defaults, bondholders have recourse to both the issuer and the underlying asset pool.
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20250917154A type of bond backed by a pool of high-quality assets (such as mortgages or public sector loans) that remain on the issuer’s balance sheet. If the issuer defaults, bondholders have recourse to both the issuer and the underlying asset pool.