Automated Bond System - ABS
The electronic system on the NYSE that records bids and offers for inactively traded bonds until they are canceled or executed.
Investopedia Commentary
Because the bid and ask prices of inactively traded bonds aren't constantly changing due to demand and supply conditions, investors looking for a quote may have difficulties. By having all inactive bonds electronically monitored, the NYSE is able to keep a good inventory of bond prices, just in case an investor is interested in purchasing them.
Related Links
Bond Basics Tutorial
Advantages Of Bonds
Advanced Bond Concepts
See also: Ask, Bid, Bid Price, Bond, Bond Quote, NYSE
Also spelled: ABS
Automated Bond System