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

“I do not currently see the potential for private credit to contribute to an unexpected credit crunch in the same way that the asset-backed commercial paper market did in 2008,” she said.

From Barron's

“There is voracious demand for any commercial paper that yields in excess of 5%,” he said.

From Barron's

"But I think anyone would take a single A Treasury over AAA commercial paper," he added.

From Reuters

No commercial paper has been issued as of March 31, the filing said.

From Reuters

Multiple options exist for parking cash, such as investing in short-term government securities, money market instruments and corporate commercial paper.

From Los Angeles Times