asset backing - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “asset backing”

asset backing

noun [U]
 
 
( also asset cover)
ACCOUNTING, FINANCE the total value of a company's shares, in relation to its assets: The retailer seems to have great asset backing, but how much are its stores really worth?
(Definition of asset backing from the Cambridge Business English Dictionary © Cambridge University Press)
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