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Automated Bond System

   Also found in: Acronyms 0.01 sec.
Automated bond system (ABS)
The computerized system that records bids and offers for inactively traded bonds until they are cancelled or executed on the NYSE.

Automated Bond System
A computerized system of the New York Stock Exchange information that allows for automated trading of bonds listed on the exchange. This system handles most of the bond volume on the NYSE.

Automated Bond System
An electronic system on the New York Stock Exchange giving bid and ask quotes for inactive bonds. This allows investors, especially the cabinet crowd, to easily monitor the prices of bonds that are not frequently traded.


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The Company's subordinated notes to be distributed have been approved for listing on the New York Stock Exchange ("NYSE"), and are expected to trade through the NYSE's Automated Bond System ("ABS"), under the symbol BHS20, beginning May 3, 2004.
 
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