SECURITISES
13
Scrabble
15
WWF
S(1) E(1) C(3) U(1) R(1) I(1) T(1) I(1) S(1) E(1) S(1)
NWL/TWL ✓ Collins ✓ WWF ✗
Definition
verb
- To convert assets (typically outstanding loans or other receivables) to securities, usually by selling them with a discount to a financial intermediary, which pools them with other similar assets and sells further as securities to third-party investors.
Source: Wiktionary
