What does Asset Class mean? Read on to discover the definition & meaning of the term Asset Class - to help you better understand the language used in insurance policies.
Any type of financial transaction that can be converted into a standardized, quantifiable, negotiable asset. The use of derivatives has given rise to the creation of several significant asset classes, such as mortgage-backed securities. Insurance-linked securities also represent a new asset class. Stocks and bonds are the best-known asset classes.
We hope the you have a better understanding of the meaning of Asset Class.