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What does FASIT stand for?

FASIT stands for Financial Asset Securitization Investment Trust

This definition appears frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

Samples in periodicals archive:

The Small Business Job Protection Act of 1996 included, among other things, the establishment of the Financial Asset Securitization Investment Trust (FASIT), a new means of securitizing assets that is similar in intent but goes beyond the Real Estate Mortgage Investment Conduit (REMIC) tool currently used by the real estate industry to tap Wall Street investment capital.
The transaction is structured as a financial asset securitization investment trust (FASIT) which allows collateral to be substituted or added to the pool in March and September, subject to certain conditions including rating agency affirmation.