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

“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.

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“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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