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Certificates for Amortizing Revolving Debts
Definition
CARDS. Asset-backed security created by Salomon Brothers that is collateralized by credit card balances. CARDS work similarly to accounts receivables. also called plastic bonds.
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Nearby Terms
- certificate of title
- Certificate of Veteran Status
- certificated bankrupt
- certificated stock
- certificateless municipal bond
- Certificates for Amortizing Revolving Debts
- certificates of accrual on treasury securities (CATS)
- certificates of automobile receivables (CAR)
- certification
- certified accountant
- Certified Annuity Specialist (CAS)
