COMMERCIALPAPER

Commercial paper

Commercial paper, in the global financial market, is an unsecured promissory note with a fixed maturity of no more than 270 days.

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commercial paper

Noun

  1. A negotiable instrument with short maturity.
    Only well-known retailers have a chance to bypass the banks and issue their own commercial paper.


The above text is a snippet from Wiktionary: commercial paper
and as such is available under the Creative Commons Attribution/Share-Alike License.

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