Loo paper rep

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The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
Some representations and warranties, having just rolled off the fax, yesterday


Index — Click the ᐅ to expand:

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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.

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

See also