CDs purchased by accounts that are likely to resell them. The term is commonly used in the Euromarket.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The act or practice of buying or selling a certificate of deposit. Trading paper especially refers to situations in which the buyer is likely to re-sell the CD. The term is most common on the Euromarket.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved