An index used to derive the value of a mortgages subprime. A credit default to exchange is used to help those with weak credit. It has four series each containing 20 bonds. This tells the institution if the market is improving. It allows a measure of prediction to prevent loss. A similar term for his is called an Asset-Backed Securities index.
Link to This DefinitionDid you find this definition of ABX INDEX helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary