Asset-Backed Commercial Paper
type: Class
preferred label: ABCP
subclass of: R9pssJwbQ89wfcLFqq9DWIw
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.