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asset-backed fund

British  

noun

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

Example Sentences

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Blue Owl Capital OWL 0.66%increase; green up pointing triangle closed a new, asset-backed fund with about $2.9 billion in total capital commitments, which it said exceeded an original target of $2.5 billion.

From The Wall Street Journal • Mar. 31, 2026

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.