PAPER Definition

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PAPER is: a. amount received, by a seller of real estate, in the form of a mortgage or note rather than cash; b. a short-term debt security; c. customer buy and sell orders coming to a trading pit; d. money market instruments, commercial paper.

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T/T is a payment or financial transaction designation meaning "Telegraphic Transfer" of funds.

LAND, in terms of accounting, is the value of real estate less the value of improvements, e.g. buildings.

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