An advantage of pooling receivables is the ability to offer debt instruments with varying degrees of risk and return. Instead of passing the average monthly payment of 100 homeowners to 100 bondholders, the bonds can be divided up into risk tranches.
DEFINITION of 'Toronto Stock Exchange - TSX'. The Toronto Stock Exchange (TSX) is the largest stock exchange in Canada. It was established in 1852 and formally incorporated in 1878. The exchange is headquartered on Bay Street in Toronto; it is owned and operated by the TMX Group. TMX is owned by Maple Group Acquisition Corporation.
VMware ESXi (formerly ESX) is an enterprise-class, type-1 hypervisor developed by VMware for deploying and serving virtual computers. As a type-1 hypervisor, ESXi is not a software application that one installs in an operating system; instead, it includes and integrates vital OS components, such as a kernel.After version 4.1, VMware renamed ESX to ESXi.ESXi replaces Service Console (a rudimentary operating system) with a more closely integrated OS. ESX/ESXi is the primary component in the VMware Infrastructure software suite.Mware ESXi is a smaller footprint version of ESX that does not include the ESX Service Console. It is available without the need to purchase a vCenter license as a free download from VMware with some features disabled.