- negotiable instruments, as bills of exchange, used regularly in the course of business
- Finance short-term promissory notes issued by large corporations and sold to investors either directly by the issuer or through dealers
commercial papercommercial paper
- (finance) A negotiable instrument with short maturity.
- Only well-known retailers have a chance to bypass the banks and issue their own commercial paper.
commercial paper - Investment & Finance Definition
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.
commercial paper - Legal Definition