commercial paper


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commercial paper

n.
An unsecured debt instrument issued by a business to finance short-term cash needs, often traded in money markets.

commercial paper

n
(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

commer′cial pa`per


n.
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.
[1830–40, Amer.]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.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
Translations
billet de trésorerie
References in classic literature ?
His business was that of discounting commercial paper in the quartier Saint-Martin, where he was known by the nickname of "Gigonnet," from the nervous convulsive movement with which he lifted his legs in walking, like a cat.
The industrial and commercial papers treated the question chiefly from this point of view.
Commercial Paper Non-Financials Index consists of commercial paper from issuers classified by Standard & Poor's as being from non-financial institutions.
Commercial paper, a short-term promissory note or loan coming due in 180 days or less, is usually issued by a corporation, not a municipality.
Before we entered the commercial paper market in 1969, we had cash surpluses and we banked ourselves.
Fitch will also withdraw the 'F1' rating assigned to its commercial paper when the commercial paper program is cancelled.
is a special purpose limited liability Cayman Island corporation established to purchase certain short-term obligations of the United Mexican States (Tesobonos, CETES and Adjustabonos), enter into a swap, and issue discount commercial paper notes.
As a result, the ratings of GTE Finance's commercial paper and senior debt, Duff 1 and A- (Single-A- Minus) respectively, are the same as the ratings of GTE Corporation's commercial paper and senior debt.

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