Loo paper rep

A representation (or warranty for that matter) good only for wiping your backside with. A representation which serves no practical purpose but may delay your negotiation by 3 months. Most of them, in other words.

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ →Go uptown Some representations and warranties, having just rolled off the fax, yesterday Index — Click the ᐅ to expand: Glossary Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

In the olden days, you could use these if your fax ran out of paper.

See also

• Representations and Warranties Anatomy
• Representations and warranties