In older financial terminology, a bill of exchange that is not intended to be discounted but is pledged (pledged; lombarded, retired) as collateral for a liability. – See retirement, repurchase agreement.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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