I have come across this quite often but don't wanna ask in the office. There are questions that are stupid although we all say there isn't.
What does "print red" or "print black" mean when issuing a securitization say CRE CLO or CMBS?
Also, I hear "red line" a lot as well when in discussion of term sheets or documents. My guess is, it's just a version/draft that has both sides comments and editions. Please correct me if I'm wrong.