two-name paper

American  

[too-neym] / ˈtuˌneɪm /

noun

Banking.

1. commercial paper having more than one obligor, usually a maker and endorser, both of whom are fully liable.

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two-name paper British  

noun

1. finance a commercial paper signed by two persons both of whom accept full liability

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Example Sentences

"I don't know even the name of your new outfit yet, but I'll take a chance on one piece of two-name paper, anyhow."

From Project Gutenberg

Although mortgage and other collateral security is sometimes accepted, the banks' chief reliance is personal security, and the great bulk of the loans are made on two-name paper.

From Project Gutenberg

This would then be "two-name paper," could be sold in the open market where a bill dealer might buy it, take it to his bank which could rediscount it at the Federal Reserve.

From Time Magazine Archive

Occasionally he has a note, for a small amount to begin with, always first-class, two-name paper, and he never objects—usually insists—in paying a trifle more than the regular discount.

From Project Gutenberg

Occasionally he has a note, for a small amount to begin with, always first-class two-name paper, and he never objects—usually insists—on paying a trifle more than the regular discount.

From Project Gutenberg