single-name paper

[sing-guhl-neym]

noun

Banking.

1. commercial paper bearing only the signature of the maker.

Example Sentences

What generally passes as "commercial paper" in the United States is single-name paper.

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The wide use of single-name paper in this country is largely explained by the fact that the prevailing terms of payment in business transactions are net in 30 or 60 days, with a discount for payment in cash within variously from 10 days to one month.

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On the Continent bank acceptances thus open the market widely to all who can arrange for them, while the open market for single-name paper in this country is restricted to large firms of established reputations.

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Big houses offered single-name paper to raise the needed funds, and little by little the older system of settling by the promissory note of the debtor was supplanted by the system of selling on open account, with the choice given to the debtor of a liberal discount for cash or the payment of the due amount "net" at the expiration of a relatively short credit period.

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Single-name paper virtually monopolizes the field....

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