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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

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.]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations
billet de trésorerie
References in periodicals archive ?
A possible solution can be a product that allows the government to fund its quarterly purchases of crude oil/furnace oil through the Islamic banking industry by issuing SLR-eligible short-term paper.
The above stake sale will result in an immediate net reduction in recurring earnings of around Rs0.5/sh (after accounting for the amount of investment in short-term paper).
Three-month short-term paper interest rates have been raised by 0.32 percent to 5.92 percent, for six-month papers by 0.42 percent to 6.04 percent and 0.61 percent to 6.25 percent for a one-year paper.
An increased reliance on short-term paper leads to higher liquidity risks for companies, especially those with weak operating and financial fundamentals.
Greek banks had been using the short-term paper as collateral for funding from the ECB until the paper ceased to be eligible for borrowing last month.
However, the latter is very much short-term paper. The Bank's capital position is sound with the ratio supported by the zero risk-weighting attached to Yemeni government Treasury bills.
The central bank has a small sukuk programme backed by legislation dating back to 2004, which issues short-term paper to help Islamic banks manage their liquidity, but a wide range of tenors is not available and there are no corporate sukuk.
The auction comes on the heels of a successful T-bill sale on Tuesday, when the Treasury sold more short-term paper than expected at lower rates than a month earlier.
The 10-year local-debt offering "was a really hot sale because we're looking for yield, and short-term paper isn't paying very much," said Ray Majdalani, a Beirut-based fixed-income trader at First National Bank.
Shut out of bond markets, Greece issues T-bills on a monthly basis to refund maturing short-term paper. It needs to roll over 2.6bn euros of six- and three-month T-bills this month.

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