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What Does Financial Asset Securitization Investment Trust – FASIT Mean?

April 26, 2017ASSET dictionary Education financial glossary Investment mean securitization Trust

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What Does Financial Asset Securitization Investment Trust – FASIT Mean?

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A financing tool that allows for the securitization of non-mortgage assets and usually involves debt obligations with short maturities such as credit card receivables, home equity loans and car loans. Financial Asset Securitization Investment Trust (FASIT) is similar to Real Estate Mortgage Investment Conduits (REMIC), created under the Small Business Job Protection Act of 1996.