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paper credit

   Also found in: Dictionary/thesaurus 0.01 sec.
See: letter of credit


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Here it comes: Just as artificially low prices in paper futures drove real gold and silver into scarcity, artificially low prices for paper credit are driving real credit into severe scarcity.
While many have criticized the lack of realism with the use of paper credits, a demo account is by far the best way for novice investors to learn the ropes of Forex trading before they dive into the actual market.
199 (London 1776) (stating that the King of France "had established a paper credit (or, if you please to call it, coin) of bills issued out of the Exchequer"); Remarks on the Circulation of Commodities, Goods, Money, &c.
 
 
 
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