🔵 WHAT IS ASSET BACKING❓
▶️ Asset backing refers to the total value of a company's shares, in relation to its assets. Specifically, it refers to the total value of all the assets that a company has, divided by the number of outstanding shares that the company has issued.
▶️ In terms of investments, asset backing refers to a security whose value derives from a single asset or a pool of assets; these holdings act as collateral for the security—"backing" it, in effect.
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💰 @Exchange 🪙
▶️ Asset backing refers to the total value of a company's shares, in relation to its assets. Specifically, it refers to the total value of all the assets that a company has, divided by the number of outstanding shares that the company has issued.
▶️ In terms of investments, asset backing refers to a security whose value derives from a single asset or a pool of assets; these holdings act as collateral for the security—"backing" it, in effect.
━━━━━━━━━━━
💰 @Exchange 🪙