DOCUMENTED DISCOUNT NOTES


Meaning of DOCUMENTED DISCOUNT NOTES in English

Commercial paper backed by normal bank lines 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.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.