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 is an important source of external funding for corporate borrowers and has become increasingly popular over the years.
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.
The GO extendible municipal commercial paper has original maturities from one day to 180 days from the original issue date of each note.
The GO extendible municipal commercial paper of 2005, series A notes are being issued to fund veterans housing loans.
Series A notes are additionally secured by a liquidity facility in the form of a commercial paper purchase agreement provided by The Bank of Nova Scotia, acting through its New York Agency.
The 'F1+' rating is based on the credit quality of the state's general obligation bonds ultimately to be issued to fund the commercial paper notes, the well demonstrated market access of such bonds, and the external liquidity provided by the credit agreement with The Bank of Nova Scotia.
Proceeds will be used to reduce commercial paper balances and for general corporate purposes.
Concurrent with this action, Fitch places Hertz's senior debt and 'F2' commercial paper ratings on Rating Watch Evolving.

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