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Documented discount notes
| Глоссарий экономических терминов |
Commercial paper backed by normal bank lines of credit plus a letter of credit from a bank stating that it will pay off the paper at maturity if the borrower defaults. such paper is also referred to as l.o.c. paper. also known as bankers` acceptances.
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Commercial, английский
Коммерческий
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Direct paper, английский
Commercial paper sold directly by the issuer to investors.
Synthetic convertible, английский
Combination of usable bonds and warrants (that expire on or after the bonds` maturity) that resembles convertible bond.
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