two-name paper


noun Banking.

commercial paper having more than one obligor, usually a maker and endorser, both of whom are fully liable. Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

British Dictionary definitions for two-name paper

two-name paper


US finance a commercial paper signed by two persons both of whom accept full liability
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