Instrument Item: Asset Sales
Generated on 2014/06/19 at 04:58:08 AM
Instrument Item: Asset Sales
| Acronym or Abbreviation | ||||
| Alias or Synonym | sale of bank receivables, loan securitization | |||
| Key Words | ||||
| Description (HTML) | A sale of bank receivables by a bank to another party. Asset sales are often accomplished through the sales of individual loans or pools of whole loans. Asset sales are nonrecourse sales that are also sometimes accomplished through the securitization of the bank's receivables. These types of transactions are used to mitigate asset-related risk, obtain free-cash flows and for liquidation requirements, among other reasons.
Asset sales are a complex transaction from an accounting perspective. An asset sale is classified as such if the seller gives the buyer control of the property after payment is made. There cannot be further recourse to the buyer; this characteristic will cause the transaction to be regarded as financing. |
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| Source Description | Investopedia | |||
| Source URL | http://www.investopedia.com/terms/a/asset-sales.asp | |||
| Document | No document attached... | |||
| Lifecycle - Exist Start Date | UNKNOWN | |||
| Lifecycle - Exist End Date | UNKNOWN | |||
| Item Quality Status (Item Quality Status) | Acceptable | |||
| Updated by | webea.09 | |||
| Updated on | 2014-05-13 15:27:38 | |||
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