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commercial paper definition

☆ commercial paper

  1. negotiable instruments, as bills of exchange, used regularly in the course of business
  2. Finance short-term promissory notes issued by large corporations and sold to investors either directly by the issuer or through dealers

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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