The money market involves the interaction of buyers and sellers of short-term (one year or less) debt instruments, providing liquidity for major financial institutions and companies. Examples include Treasury bills, commercial paper, and certificates of deposit.
Paper credit is a term used in real estate to describe a written obligation given or received instead of cash. It often includes negotiable instruments such as promissory notes or bonds.
A Securitized Investment Vehicle (SIV) is a type of structured investment, typically in the form of an entity established to purchase and manage a pool of assets using various types of funding, including short-term commercial paper and medium-term notes.
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions in the United States, aimed at standardizing and harmonizing the laws of sales and other commercial dealings across the states. Certain provisions of the UCC have particular relevance to real estate.
