Which of the following is a type of savings vehicle?

C. Budget for fixed expenses before flexible expenses.

C. Budget for fixed expenses before flexible expenses.

An asset-backed security (ABS) is an investment security—a bond or note—which is collateralized by a pool of assets, such as loans, leases, credit card debt, royalties, or receivables. An ABS is similar to a mortgage-backed security, except that the underlying securities are not mortgage-based.