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.
Release date- 27082019 - DBRS Limited (DBRS) released its monthly Canadian commercial paper report, which provides an overview of commercial paper issuance in June 2019.
Based on approval granted by the SEC, the outstanding amount of the commercial papers to be issued shall not exceed P10 billion; and that "each commercial paper shall have a term of no more than 365 days."
Composite technology company Exel Composites Oyj (HEL:EXL1V) announced on Thursday the signing of a contract for a EUR50m domestic commercial paper programme.
Mumbai, July 11, 2019: YES BANK, India's fourth largest private sector bank, as an issuing and paying agent (IPA), facilitated the issuance of a Commercial Paper (CP) of INR 100 Crores using Blockchain technology for Vedanta Limited, a natural resources conglomerate.
DHFL has Rs 850 crore of outstanding commercial papers of which Rs 750 crore is due in June.
The Series 2 commercial paper has a tenor of 182 days, an effective yield of 14.43 per cent and a discount of 13.46 per cent.
The BSP earlier said it expects banks to shift to the issuance of bonds and commercial papers instead of LTNCDs following the issuance of new regulations.
The rating for commercial paper programme has been re-affirmed at CRISIL A1+.
In a separate disclosure, Bank of the Philippine Islands approved the creation of a P50-billion bond and commercial paper program.
In a statement posted to the website of the Shanghai Clearing House, the company stated that the default had accelerated a cross-guarantee on short-term commercial paper issued by its parent, Wintime Group.

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