Automated Bond System (ABS) Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: Automated Bond System (ABS)
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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