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Credit card receivables. Securities backed by credit card receivables have been benchmark for the ABS market since they were first introduced in 1987. A credit card holder may borrow funds on a revolving basis up to an assigned credit limit. The borrower then pays principal and interest as desired, along with the required minimum monthly payments.
Amazon was founded on July 5, 1994, by Jeff Bezos in Bellevue, Washington. [6] The company originally started as an online marketplace for books but gradually expanded its offerings to include a wide range of product categories. This diversification led to it being referred to as "The Everything Store". [7]
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