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commercial paper

noun
1.
negotiable paper, as drafts, bills of exchange, etc., given in the course of business.
2.
corporate promissory notes, usually short-term and unsecured, sold in the open market.
Origin
1830-1840
1830-40, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for commercial paper
  • With few retail deposits to speak of, the firm gorged on long-term debt and commercial paper to fund its lending.
  • It would be frozen the commercial paper market, which corporations depend on for their short-term borrowing needs.
  • Outside professional management of your commercial paper program is highly recommended.
British Dictionary definitions for commercial paper

commercial paper

noun
1.
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 & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Value for commercial

18
23
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