One of the mysteries of the English language finally explained.
Bonds or other promissory certificates issued by the government.
- ‘I believe they will flock to short and medium term government paper and the US bond market should see an astounding rally, at least for the foreseeable future.’
- ‘How do communities create a medium of exchange when government paper becomes worthless?’
- ‘As on May 30, 2003, around 36 per cent of the debt portfolio was invested in government paper and 38 per cent in AAA debt securities.’
- ‘Managing government paper in this way is also an accepted practice in capital markets as well as, to a lesser extent, in money markets.’
- ‘Above all, a fundamental law must be understood: that an increase in the supply of government paper money cannot - never, ever - increase social wealth.’
- ‘Government regulators obliged funds to invest two-thirds of their assets in government paper, which was deemed a safe investment.’
- ‘Buying these low-interest bonds and other government paper reduces banks' liquidity, and if they do not have sufficient funds the central bank will provide them with bridging funds.’
- ‘Wealthy Americans have long invested a good part of their assets in government paper precisely because it is the safest investment to be had.’
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