{"iri":"https://folio.openlegalstandard.org/RBwVZgUU1nbWTCfkaoaMilD","label":"Asset-Backed Commercial Paper","sub_class_of":["https://folio.openlegalstandard.org/R9pssJwbQ89wfcLFqq9DWIw"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"ABCP","alternative_labels":[],"translations":{},"hidden_label":null,"definition":"ABCP is a type of short-term debt instrument that is backed by a pool of financial assets, such as trade receivables, auto loans, credit card debt, residential mortgages, or other asset-backed securities (ABS). The maturity of ABCP typically ranges from 1 to 270 days, with an average of around 30 days.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}