asset coverage
noun[U]
ukusACCOUNTING,FINANCE
ameasureused byinvestmentfunds(=companiesthat makemoneybyinvestinginshares, etc.)thatshowstheamountoftheirinvestedassetsinrelationtotheirpaymentstoinvestors:
Themarketconditionsmaychangeand thefundmight notmeetitsassetcoveragerequirements.