What does ASBA stand for in the context of securities applications?

Application Supported by Blocked Amount

Initial Public Offers (IPOs) and Rights Issues offer opportunities to invest in securities such as Shares, Debentures, and other Financial Instruments. Subscribing to these offerings involves payment of Application Money through various banking instruments like Cheque, Pay order/Draft, Debit to Bank Account, or the Application Supported Blocked Amount (ASBA) method.