asset-backed fund
Also found in: Financial, Wikipedia.
Related to asset-backed fund: Asset Backed Commercial Paper
asset-backed fund
n
(Banking & Finance) a fund in which the money is invested in property, shares, etc, rather than being deposited with a bank or building society
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014