Well-positioned vendors unable to get traditional bank loans could get some financial breathing room through securitizations that are backed by the cash flow from accounts receivable.
Although mortgage-backed securities are the most familiar — and recently a highly reviled — form, a securitization is any financial instrument formed by the pooling of a group of assets that’s then sold to investors. Asset-backed securitizations have been around for years, can be divided into smaller pieces and may involve almost any type of financial asset.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)