asset-backed commercial paper meaning

[Finance]
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.

Related Words

  1. asset value meaning
  2. asset value per share meaning
  3. asset visibility meaning
  4. asset, wasting meaning
  5. asset-backed meaning
  6. asset-backed fund meaning
  7. asset-backed security meaning
  8. asset-backed security (abs) meaning
  9. asset-based finance meaning
  10. asset-based financing meaning
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