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Investing Glossary:
Documented discount notes
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Documented discount notes
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| Definition: |
| 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.
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