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Dictionary by pitch.dog
Debt, credit & capital structure · Working

Asset-based lending

Also called: ABL

ELI5

Lending secured and sized substantially by eligible assets such as receivables or inventory.

Used in conversation

“Finance will reconcile asset-based lending before the board pack goes out.”

Pitch context

You will see “Asset-based lending” in financial models, budgets, board packs and investor materials when the discussion reaches debt, credit & capital structure.

Why it matters: In debt, credit & capital structure, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

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Sources & evidence · 5

Direct term-level sources and supporting source families.