ABS
ABS (Asset-Backed Securities) are collateralized by assets such as car loans and credit card receivables, which can be seized if the debtor defaults. ABS are created by the process of securitization whereby banks pool types of loans and use them as collateral or security against a bond issue.
ACATS
The Automated Customer Account Transfer Service (ACATS) is the National Securities Clearing Corporation's (NSCC) central processing system for the transfer of positions and accounts between brokerage firms that are participants of the NSCC's ACAT program.
Accretion
An increase in the notional principal amount of a financial instrument over its life.
Accrued Interest
Accrued interest is the interest accruing on a security since the previous coupon date. If a security is sold between two payment dates, the buyer usually compensates the seller for the interest accrued, either within the price or as a separate payment.