What Does Asset Class Mean?

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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.

Asset Class

Asset Class

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.

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