Financial Asset Securitisation Investment Trust

/ˌfaɪnænʃəl ˌæset sɪˌkjυərɪtaɪzeɪʃ(ə)n ɪn'vestmənt trʌst/ noun US
an investment trust that combines various loans, money outstanding on credit card purchases, etc., into one single fund for an individual.
Abbreviation FASIT

Dictionary of banking and finance. 2015.

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