asset backing Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “asset backing” in the English Dictionary

"asset backing" in Business English

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asset backingnoun [U]

uk   us   (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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