No Summary provided as the original text is short
- Commercial Mortgage-Backed Securities (CMBS): Structured debt products backed by pools of commercial property loans, including office buildings, retail centers, and hotels.
- Delinquency rate: The share of loans that are overdue on required payments, often used as a stress indicator in credit markets.
- Basis points: A unit equal to one-hundredth of a percentage point, commonly used to describe changes in interest rates or credit metrics.