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asset backed commercial paper
A short-term investment vehicle with a maturity that is typically between 90 and 180 days. The security itself is typically issued by a bank or other financial institution. The notes are backed by physical assets such as trade receivables, and are generally used for short-term financing needs.
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Investment
- Category: Stocks & securities
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