It was their sudden withdrawal that caused the market in asset backed commercial paper (ABCP) to seize up.

正是由于他们从短期债券市场的突然撤出才导致了资产支持商业票据的失灵。

youdao

Extremely fine sections are then planed to produce the end-grain veneers, which are backed with paper and applied as a decorative element to utensils.

刨出极精细的部分制作端面晶粒胶合板，背面衬上一层报纸，作为器具的装饰成分。

youdao

The credit bubble is over, thanks partly to a buyers' strike for asset-backed commercial paper.

信贷泡沫已经结束，这在一定程度上是由于买方不再理会资产担保商业票据。

youdao

Many people believed the depression would end if the government issued more paper money backed by silver.

VOA: special.2010.07.01

Unfortunately, what we've seen recently is a kind of a bank run on the asset-backed commercial paper.

不幸的是,最近的情况是,有些银行开始运作资产担保商业票据

耶鲁公开课 - 金融市场课程节选

These mortgages were given out to people that couldn't afford them and today you have what you call subprime mortgages--subprime paper They issued against this paper stuff called mortgage-backed security. They securitized them and these things are all floating around now.

我们发放这些抵押贷款给那些买不起房子的人,所以现在你们看到了一种你们叫做,次级抵押贷款的金融工具--次贷票据,他们把这种票据叫做,有抵押证券，他们把有抵押证券证券化,这些证券现在在市场上被多次交易，广为流通。

耶鲁公开课 - 金融市场课程节选

With mortgage-backed paper, in contrast, you are making a lopsided bet.

FORBES: Magazine Article

Today the Treasury and the Federal Reserve are announcing a facility to finance the issuance of non-mortgage asset-backed paper in order to support lending to consumers and small businesses that is vital to our economy.

FORBES: Magazine Article

But perhaps the most worrying thing for financial institutions holding mortgage-backed paper is not the subprime market itself, but the unnerving parallels with an even bigger one to which they are also exposed: leveraged loans to companies.

ECONOMIST: The subprime meltdown, continued