| 释义 |
DictionarySeebanker's acceptanceDocumented discount notes
Documented discount notesCommercial 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.Banker's AcceptanceShort-term debt obligations that are secured by banks. That is, a bank promises to pay a creditor if a borrower defaults. It is also called a documented discount note. |