SERVICING ASSETS AND LIABILITIES DEFINITION

Nov 12, 17
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  • https://www.quora.com/What-is-asset-servicing-What-are-some-examplesIt means collecting money on receivables. A typical example asset is a mortgage.
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  • FAS 156 on servicing assets/liabilities In March 2006, the FASB issued FAS 156,
  • https://www.questia.com/magazine/1P3. /accounting-for-servicing-assetsAccording to the Accounting Standard Codification (ASC) topic 860-50, Servicing Assets and Liabilities, a servicing asset is "a contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer for performing the servicing."
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