commercial paper

American  

noun

1. negotiable paper, as drafts, bills of exchange, etc., given in the course of business.

2. corporate promissory notes, usually short-term and unsecured, sold in the open market.

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commercial paper British  

noun

1. a short-term negotiable document, such as a bill of exchange, promissory note, etc, calling for the transference of a specified sum of money at a designated date

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Etymology

Origin of commercial paper

An Americanism dating back to 1830–40

Example Sentences

Concern over the developer's financial health intensified in June when it failed to pay some commercial paper on time.

From Reuters

Concern over the developer’s financial health intensified in June when it failed to pay some commercial paper on time.

From Reuters

Concerns about Evergrande intensified after it failed in June here to pay some commercial paper on time.

From Reuters

Other than the usual bank and bond channels, the developer has been criticised for tapping the less regulated shadow banking market, including trusts, wealth management products and commercial paper.

From Reuters

“It’s a legal loophole,” said Xinpeng Zhu, a lawyer at Shanghai Rongying Law Firm who is representing commercial paper holders including fund and wealth management companies, banks, brokerages and retail investors in late payment cases.

From Reuters