Results 1 to 3 of 3
    • Member Info
      • Native Language:
      • Chinese
      • Home Country:
      • China
      • Current Location:
      • China

    • Join Date: Dec 2010
    • Posts: 124
    #1

    Question What does the "paper" mean here?Please help me.

    I came across an article the other day part of which goes as follow:
    "Unfortunately,the goverment(Argentina) obliged funds to invest two-thirds of their assets in government bonds.Their value plunged after the 2001 finacial crisis, when Buenos Aires forced funds to swap the bonds for new,discounted paper and then defaulted altogether."
    I 'm perplexed by the use of "paper" here.Does it mean the paper currency of the country or a sort of newly-issued bond ,or something else ?Please help me .Much obliged.

  1. riquecohen's Avatar
    • Member Info
      • Native Language:
      • American English
      • Home Country:
      • United States
      • Current Location:
      • Brazil

    • Join Date: Aug 2010
    • Posts: 6,002
    #2

    Re: What does the "paper" mean here?Please help me.

    You're right about "paper," in this context, meaning a newly-issued bond. See definition 5 here. Dictionary - Yahoo! Education

    • Member Info
      • Native Language:
      • Chinese
      • Home Country:
      • China
      • Current Location:
      • China

    • Join Date: Dec 2010
    • Posts: 124
    #3

    Re: What does the "paper" mean here?Please help me.

    Thank you so much !

Similar Threads

  1. "Get me a piece of paper"
    By rohanvora in forum Ask a Teacher
    Replies: 2
    Last Post: 17-Dec-2010, 17:18
  2. [Essay] "Please can some correct my paper for grammatical errors, please!"
    By charli3 in forum Editing & Writing Topics
    Replies: 0
    Last Post: 03-May-2010, 20:11
  3. Replies: 1
    Last Post: 07-Feb-2008, 20:44
  4. confusing words "expressed" or "express" and "named" or"names"
    By Dawood Usmani in forum Ask a Teacher
    Replies: 3
    Last Post: 26-Oct-2007, 19:33

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •