Business Glossary

Business Definition for: abs

Dictionary of Finance and Investment Terms

abs

See also Automated Bond System (ABS)

Dictionary of Computer and Internet Terms

abs

in many programming languages and on scientific calculators, the function that calculates absolute value. It converts negative numbers to positive while leaving positive numbers unchanged. For example, abs(37) = 37; abs(-37) = 37; abs(-2.5) = 2.5; abs(0) = 0.

Related Terms:

Automated Bond System (ABS)

New York Stock Exchange computerized system that records bids and offers for inactively traded bonds until they are cancelled or executed. Before the ABS, such limit orders were kept in steel cabinets, giving rise to the terms cabinet security and cabinet crowd (traders in inactive bonds).

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