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These excerpts taken from the NRF 10-K filed Feb 25, 2009. Asset-Backed
Securities are debt securities that entitle the holders
thereof to receive payments that depend primarily on the cash flow from a
specified pool of financial assets, either fixed or revolving, that by their
terms convert into cash within a finite time period, together with rights or
other assets designed to assure the servicing or timely distribution of
proceeds to holders of such securities (including, for the avoidance of doubt,
leases).
Asset-Backed Securities are debt securities that entitle the holders
thereof to receive payments that depend primarily on the cash flow from (i) a
specified pool of financial assets, either fixed or revolving, that by their
terms convert into cash within a finite time period, together with rights or
other assets
4
designed to assure the servicing or timely distribution of proceeds to holders of such securities (including, for the avoidance of doubt, leases) or (ii) real estate mortgages, either fixed or revolving, together with rights or other assets designed to assure the servicing or timely distribution of proceeds to the holders of such securities.
Asset-Backed Securities are
debt securities that entitle the holders thereof to receive payments that
depend primarily on the cash flow from (i) a specified pool of financial
assets, either fixed or revolving, that by their terms convert into cash within
a finite time period, together with rights or other assets designed to assure
the servicing or timely distribution of proceeds to holders of such securities
(including, for the avoidance of doubt, leases) or (ii) real estate
mortgages, either fixed or revolving, together with rights or other assets
designed to assure the servicing or timely distribution of proceeds to the
holders of such securities.
Asset-Backed Securities are
debt securities that entitle the holders thereof to receive payments that
depend primarily on the cash flow from (i) a specified pool of financial
assets, either fixed or revolving, that by their terms convert into cash within
a finite time period, together with rights or other assets designed to assure
the servicing or timely distribution of proceeds to holders of such securities
(including, for the avoidance of doubt, leases) or (ii) real estate
mortgages, either fixed or revolving, together with rights or other assets
designed to assure the servicing or timely distribution of proceeds to the
holders of such securities.
Asset-Backed Securities
are debt securities that entitle the holders thereof to
receive payments that depend primarily on the cash flow from (i) a
specified pool of financial assets, either fixed or revolving, that by their
terms convert into cash within a finite time period, together with rights or
other assets designed to assure the servicing or timely distribution of
proceeds to holders of such securities (including,
4
for the avoidance of doubt, leases) or (ii) real estate mortgages, either fixed or revolving, together with rights or other assets designed to assure the servicing or timely distribution of proceeds to the holders of such securities.
Asset-Backed
Securities are
debt securities that entitle the holders thereof to receive payments that
depend primarily on the cash flow from (i) a specified pool of financial
assets, either static or revolving, that by their terms convert into cash
within a finite time period, together with rights or other assets designed to
assure the servicing or timely distribution of proceeds to holders of such
securities (including, for the avoidance of doubt, leases) or (ii) real
estate mortgages, either fixed or revolving, together with rights or other
assets designed to assure the servicing or timely distribution of proceeds to
the holders of such securities.
Asset-Backed Securities are debt securities that
entitle the holders thereof to receive payments that depend primarily on the
cash flow from (i) a specified pool of financial assets, either fixed or
revolving, that by their terms convert into cash within a finite time period,
together with rights or other assets designed to assure the servicing or timely
distribution of proceeds to holders of such securities (including, for the
avoidance of doubt, leases) or (ii) real estate mortgages, either fixed or
revolving, together with rights or other assets designed to assure the
servicing or timely distribution of proceeds to the holders of such securities.
Asset-Backed Securities are debt securities that
entitle the holders thereof to receive payments that depend primarily on the
cash flow from (i) a specified pool of financial assets, either fixed or
revolving, that by their terms convert into cash within a finite time period,
together with rights or other assets designed to assure the servicing or timely
distribution of proceeds to holders of such securities (including, for the
avoidance of doubt, leases) or (ii) real estate mortgages, either fixed or
revolving, together with rights or other assets designed to assure the
servicing or timely distribution of proceeds to the holders of such securities.
Asset-Backed Securities
are debt securities that entitle the holders thereof to receive payments that
depend primarily on the cash flow from (i) a specified pool of financial
assets, either fixed or revolving, that by their terms convert into cash within
a finite time period, together with rights or other assets designed to assure
the servicing or timely distribution of proceeds to holders of such securities
(including, for the avoidance of doubt, leases) or (ii) real estate
mortgages, either fixed or revolving, together with rights or other assets
designed to assure the servicing or timely distribution of proceeds to the
holders of such securities.
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