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:
1830–40, Americanism

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World English Dictionary
commercial paper
 
n
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 10th Edition
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Example sentences
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.
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