securitization vehicle
Defined in 1 place of the United States Code.
the term “securitization vehicle” means a trust, special purpose entity, or other legal structure that is used to facilitate the issuing of securities, participation certificates, or similar instruments backed by or referring to a pool of assets that includes residential mortgages (or instruments that are related to residential mortgages such as credit-linked notes).
Source
- 2009–present15 U.S.C. § 1639ACommerce and Trade · Fiduciary duty of servicers of pooled residential mortgages · as used in this section