First, the definition, the concept of asset securitization, academia, there is no unified rigorous argument, most of the scholars according to their operational processes, the so-called technical definition,

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First about the definition, about the property securitization concept, at present the academic circles and does not have the unification strict view, the majority of scholars are the so-called technical definitions which carries on according to its operation flow,

First of all on the definition on the concept of asset-backed securities, academics and non-uniform strictly now, most of the scholars in its operation process is based on the so-called technical definitions,

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