Probably a stupid question (CMLTD vs CPLTD

John Pierpont's picture
Rank: King Kong | 1,643

My bank, as I'm sure like many others, likes to use various finance terms that can have different definitions based on who you ask. Ideally, you'd think there'd be a no shit definition in policy or something, but even there you'll see conflicting info.

Here's my question: are CMLTD and CPLTD interchangeable? I've seen it used interchangeably but I've always associated CMLTD to include bond debt - this may have been a wrong assumption on my part but its the truth.