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A bank trustee holds the titles to assets a corporation has purchased and utilizes in its day-to-day business. The corporation issues debt securities backed by these assets. These securities are:______.

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Answer:

Asset-backed securities

Explanation:

Asset-backed securities are a form of debt securities whose principal and interest are paid by other associated assets.

In this case the bank collected assets from the corporation, and the corporation in turn issued Asset-backed securities (ABS) on these assets.

The assets collected by the bank can be mortgages, equipment lease and so on.

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