direct paper

direct paper definition - business

direct paper

Commercial paper sold directly by issuers to individual investors without the use of an intermediary. This method is most often used by finance companies such as General Motors Acceptance Corporation. Compare dealer paper.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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