two-name paper

[ too-neym ]

noun

, Banking.

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

two-name paper

noun

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

Example Sentences

I don't know even the name of your new outfit yet, but I'll take a chance on one piece of two-name paper, anyhow.

From Project Gutenberg

Two-name paper is mostly confined to commercial transactions.

From Project Gutenberg