| 释义 |
asset-backed fund
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 Asset-Backed Fund
Asset-Backed FundA mutual fund that invests in real estate, equipment, stocks and other tangible assets. The advantage to an asset-backed fund is the fact that the assets behind it have liquidation value (that is, if a company fails, one can sell the company's equipment or real estate to cover a portion of the investment). Funds that invest in bonds and other debt securities do not necessarily have this advantage. |