commercial paper

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.

commercial paper

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

Word History and Origins

Origin of commercial paper¹

An Americanism dating back to 1830–40

Example Sentences

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

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

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

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

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The three-month commercial paper yield had soared by more than 200 basis points in a few weeks from just above 3% in late September last year on concerns about possible debt defaults by property developers.

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