| 单词 | eligible paper |
| 释义 | eligible paper Securities considered suitable for rediscounting by a central bank. In the UK the Bank of England will rediscount Treasury bills, short-dated gilts, and any first-class security accepted by a British bank or discount house. In the US eligible paper is securities which can be rediscounted with the Federal Reserve. Eligible paper is suitable for bank portfolios as it can quickly be turned into cash. |
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