An asset-backed security is different from an MBS or CDO .
In the second case , an `` asset-backed security '' — or at least the abbreviation `` ABS '' — refers to just one of the subsets , one backed by consumer-backed products , and is distinct from a MBS or CDO , ( example : `` As a rule of thumb , securitization issues backed by mortgages are called MBS , and securitization issues backed by debt obligations are called CDO ... . Securitization issues backed by consumer-backed products — car loans , consumer loans and credit cards , among others — are called ABS ... ( italics added ) see also
Asset-backed security