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commercial paper

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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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Origin of commercial paper

An Americanism dating back to 1830–40
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
British Dictionary definitions for commercial paper

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
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012