### Question
What is the definition of asset-backed security?


### Answer
The definition of **asset-backed security** is as follows in *15 U.S.C. § 8305*:

> given such term under section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)).

#### Citation:
  - *15 U.S.C. § 8305*
  - Heading: **CHAPTER 109-WALL STREET TRANSPARENCY AND ACCOUNTABILITY > SUBCHAPTER I-REGULATION OF OVER-THE-COUNTER SWAPS MARKETS > Part A-Regulatory Authority**

