SecuritizationisthefinancialpracticeofpoolingvarioustypesofcontractualdebtsuchasresidentialmortgagescommercialmortgagesautoloansorcreditcarddebtobligationsorothernondebtassetswhichgeneratereceivablesandsellingtheirrelatedcashflowstothirdpartyinvestorsassecuritieswhichmaybedescribedasbondspassthroughsecuritiesorcollateralizeddebtobligationsCDOs