Sworn Construction Statement. One of the documents required by a lender is a sworn construction statement from a building contractor. A sworn statement is an itemized list of all individuals and companies who have provided improvements, materials, or labor toward the construction project. This includes bids from subcontractors and suppliers for all labor and specific materials that go into the construction of the property.
Investment Characteristics. Most commercial paper has a maturity of about 45 days, and most are less than 90 days, although some commercial paper has a maturity of up to 270 days. The terms of the commercial paper is determined by a number of factors. One factor is the market.
An intermediate-term bond is one that matures not in the short-term or in the long-term. It matures in the medium term. Just what the intermediate term is, that's not as easy to define. Some say three to 10 years. Some say the intermediate term can last for 15 years. The length of time to maturity really does matter. Those who know bonds understand that the maturity date is the point at which the bond pays back the principal or face value of the bond.