commercial paper Hear it!

commercial paper definition - finance
An unsecured prom-issory note that is typically sold by a corporation. Commercial paper has a fixed maturity of 1 to 270 days and is usually sold at a discount from face value.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.