commercial paper
Definition
Promissory note (issued by financial institutions or large firms) with very-short to short maturity period (usually, 2 to 30 days, and not more than 270 days), and secured only by the reputation of the issuer. Rated, bought, sold, and traded like other negotiable instruments, commercial paper is a popular means of raising cash, and is offered generally at a discount instead of on interest bearing basis. Also called paper. See also government paper.
commercial paper is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.
commercial paper appears in the definitions of the following terms:
money market fund (MMF),
money market,
corporate debt,
money market instruments,
straight paper,
law of contract,
contract law,
paper,
discount house,
CP Index
and
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