Troubled assets

Definition:

In context of the Troubled Asset Relief Program, the term “troubled asset” is defined as:
(A) Mortgages, mortgage backed securities, and instruments derived from these that were originated on or before March 14, 2008, and
(B) Any other financial instrument the purchase of which is necessary to promote financial market stability.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Twenty bond index

A benchmark indicator of the level of municipal bond yields. It consists of the yields on 20 general obligation municipal bonds with 20-year maturities with an average rating equivalent to a1l.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio