commercial paper(redirected from Liability of Parties)
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An unsecured debt instrument issued by a business to finance short-term cash needs, often traded in money markets.
(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
1. negotiable paper, as drafts or bills of exchange.
2. corporate promissory notes, usu. short-term and unsecured, sold at a discount in the open market.
billet de trésorerie