Definition of "asset-backed" []

• Having assets as collateral. (adjective)

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• "Some $12.8 billion of Glencore's debt is short-term asset-backed borrowing, with an average interest rate of 2.86% used to fund the trading business."
• "The refinancing included $857 million of medium and long-term asset-backed securitized debt."
• "The monthly Treasury report highlights cross-border acquisitions of securities with maturities of more than one year including nonmarket transactions such as stock swaps and principal repayment on asset-backed securities."