asset-backed commercial paper
(ABCP)
Noun
Commercial paper (CP) issued by a bankruptcy-remote special purpose vehicle (SPV) and whose interest and principal payments are derived from the cash flows from a pool of medium- to long-term financial assets, with the SPV using the proceeds from the sale of the securities to pay for the underlying assets it purchased from one or more asset seller-originators.
Comment:
Paper is a mass word and rarely used correctly in the plural form.