asset-backed fund

noun

a fund in which the money is invested in property, shares, etc, rather than being deposited with a bank or building society

Nearby words

  1. assessment arrangements,
  2. assessor,
  3. assessorial,
  4. asset,
  5. asset value,
  6. asset-stripping,
  7. assets,
  8. asseverate,
  9. asseveration,
  10. assez

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012