\ˈabks ˈɪndɛks], \ˈabks ˈɪndɛks], \ˈa_b_k_s ˈɪ_n_d_ɛ_k_s]\
Definitions of ABX INDEX
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An index used to derive the value of a mortgages subprime. A credit default to exchange is used to help those with weak credit. It has four series each containing 20 bonds. This tells the institution if the market is improving. It allows a measure of prediction to prevent loss. A similar term for his is called an Asset-Backed Securities index.
By Henry Campbell Black
Word of the day
- Regular instituted 1120, St. Norbert (whence Norbertines), at Premonstratum [L. , pointed out, it was said, by the Virgin], in Picardy. They were also called White Canons, from colour of their dress.