asset cover
noun[U]
ukusACCOUNTING,FINANCE
→asset backing
Examplesofasset cover
asset cover
The central issue is what is done with the proceeds, theassetcover, the risks involved, and the intergenerational debt-servicing burden.
From theCambridge English Corpus
It is anassetcoverand balance sheet approach.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Far from being able to grant the increase in overdraft, the bank said that it would have to cut the limit by £10,000 because there was lessassetcover.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Floating charges take effect in equity only, and consequently are defeated by a "bona fide" purchaser for value without notice of any asset covered by them.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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