commercial paper

commercial paper

n.

Short-term, unsecured, discounted, and negotiable notes sold by one company to another in order to satisfy immediate cash needs.

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commercial paper

n

(Economics, Accounting & Finance / Banking & Finance) a short-term negotiable document, such as a bill of exchange, promissory note, etc., calling for the transference of a specified sum of money at a designated date

Thesaurus

Noun

1.

commercial paper - an unsecured and unregistered short-term obligation issued by an institutional borrower to investors who have temporarily idle cash cash equivalent - a highly liquid debt instrument with maturities of less than three months