Securitization and structured finance law combines multiple legal disciplines to enable originators and owners of assets with a predictable stream of payments, such as residential or commercial mortgage loans, automobile loans and leases, credit card receivables, equipment leases and loans, student loans, trade receivables, film rights, royalty payments, and life settlements, to raise money at lower costs than traditional financing sources. Securitization transforms somewhat illiquid financial assets into liquid and often highly rated securities that can be sold into the capital markets and have a variety of cash flow characteristics tailored to meet the different objectives of a wide variety of investors.