securitizing
securitising BrE

Biblical moneylenders made themselves at home in the temple, and in an early example of creative securitizing, the medieval church sold indulgences.

Some critics have called for-profit education "subprime education", in an analogy with the subprime mortgages bubble at the heart of the Great Recession - finding uninformed borrowers and loading them with debt they cannot afford, then securitizing and passing the loan onto third-party investors.

Just as it dislikes the thought of securitising its mortgage assets -'why give away margin?' asks Jon Foulds, its chairman since 1990 - so it also knows that underwriting the insurance it sells would eventually be more profitable than taking commissions from Standard Life.