two-name paper

[ too-neym ]
/ ˈtuˌneɪm /

noun Banking.

commercial paper having more than one obligor, usually a maker and endorser, both of whom are fully liable.

Nearby words

  1. two-hander,
  2. two-line,
  3. two-master,
  4. two-minute warning,
  5. two-name,
  6. two-pack,
  7. two-part time,
  8. two-party system,
  9. two-phase,
  10. two-piece

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019


British Dictionary definitions for two-name paper

two-name paper

noun

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