It was not backed by hard assets, but simply by a promise to pay the bearer after the war, on the prospect of Southern victory and independence.

Another way to conserve principal is to buy amortizing securities, backed by mortgages or other assets that repay a portion of one's investment before maturity.

The bank's performance was largely based on the strength of its performance in securities backed by such assets as credit-card receivables.

Those concerns make up the second sector of the Russian market: newly privatized companies, backed by real assets.

Financial requirements for underwriting were changed, to prevent excess underwriting that was not backed by liquid assets.

All issued Singapore dollar currency in circulation is fully backed by international assets to maintain public confidence.

Banks are issuing a stream of securities backed by mortgages, credit-card receivables and other assets stripped off their balance sheets.

And some loans are backed by assets or unusual guarantees.

This has occurred despite the fact that these credits are backed by the borrower's present and future assets.

Alternatively, Depco could sell bonds backed by assets it holds from failed credit unions and others.