Usually means: Collateral secures an issued loan.
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We found 5 dictionaries that define the word asset-backed:

General (4 matching dictionaries)
  1. asset-backed: Oxford Learner's Dictionaries
  2. Asset-Backed, Asset-backed, asset-backed: Wordnik
  3. asset-backed: Wiktionary
  4. asset-backed: Dictionary.com

Business (1 matching dictionary)
  1. Asset-backed: Financial dictionary

Definitions from Wiktionary (asset-backed)

adjective:  (finance) Having assets as collateral.

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