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of <h1>Key Terms in Financial Asset Management Defined Under the Securitisation and Reconstruction of Financial Assets Act, 2002</h1> The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, defines key terms related to financial asset management. 'Securitisation' involves an asset reconstruction company acquiring financial assets from an originator, potentially by issuing security receipts to qualified buyers. A 'security receipt' is a document issued by an asset reconstruction company to a qualified buyer, indicating the buyer's undivided interest in the securitised financial asset. These definitions are crucial for understanding the mechanisms of financial asset reconstruction and securitisation under the Act.
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