• Certificates of Automobile Receivables. Pass-through securities backed by automobile receivables.

 Embedded terms in definition
 Referenced Terms
 Merchandise: All movable goods such as Cars, textiles, appliances, etc. and 'f.o.b.' means free on board.

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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