commercial paper

commercial paper
commercial paper see paper

Merriam-Webster’s Dictionary of Law. . 1996.

commercial paper
index check (instrument), draft

Burton's Legal Thesaurus. . 2006


commercial paper
n.
A document in which the maker promises to pay the bearer a certain sum on deposit or at a particular time; a short-term unsecured loan issued by a company.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


commercial paper
USA
Short term debt obligations with a maturity ranging from two to 270 days primarily issued by banks and companies to investors. Commercial paper is unsecured and may be discounted or interest-bearing. Commercial paper is considered a low risk investment, and its interest rate tends to be lower than bank loans.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


commercial paper
n. A negotiable instrument evidencing a debt to be unconditionally paid on demand or at a specified time and payable to order or to the instrument's bearer; includes such instruments as certificates of deposit, checks, drafts, and notes. The use of commercial paper is generally governed by the Uniform Commercial Code. Also called paper.

Webster's New World Law Dictionary. . 2000.


commercial paper
A written instrument or document such as a check, draft, promissory note, or a certificate of deposit, that manifests the pledge or duty of one individual to pay money to another.

Dictionary from West's Encyclopedia of American Law. 2005.


commercial paper
A written instrument or document such as a check, draft, promissory note, or a certificate of deposit, that manifests the pledge or duty of one individual to pay money to another.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • Commercial paper — Commercial Com*mer cial, a. [Cf. F. commercial.] Of or pertaining to commerce; carrying on or occupied with commerce or trade; mercantile; as, commercial advantages; commercial relations. Princely commercial houses. Macaulay. [1913 Webster]… …   The Collaborative International Dictionary of English

  • commercial paper — /ingl. kəˈmYːʃəlˌpeɪpə(r)/ [propr. «carta (paper) commerciale (commercial)»] loc. sost. f. inv. (econ.) cambiale finanziaria …   Sinonimi e Contrari. Terza edizione

  • commercial paper — ☆ commercial paper n. 1. negotiable instruments, as bills of exchange, used regularly in the course of business 2. Finance short term promissory notes issued by large corporations and sold to investors either directly by the issuer or through… …   English World dictionary

  • Commercial paper — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

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  • Commercial paper — Short term unsecured promissory notes issued by a corporation. The maturity of commercial paper is typically less than 270 days; the most common maturity range is 30 to 50 days or less. The New York Times Financial Glossary * * * commercial paper …   Financial and business terms

  • commercial paper — A relatively low risk short term (maturing at 60 days or less in the US but longer in the UK) unsecured form of borrowing. Commercial paper is often regarded as a reasonable substitute for Treasury bills, certificates of deposit, etc. The main… …   Big dictionary of business and management

  • commercial paper — Negotiable instruments, drafts, checks, certificates of deposit, and promissory notes. The term also includes bearer bonds where such are not specifically excluded from the classification by statute. 11 Am J2d B & N § 8. The Uniform Commercial… …   Ballentine's law dictionary

  • Commercial Paper — An unsecured, short term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories and meeting short term liabilities. Maturities on commercial paper rarely range any longer than 270 days. The debt… …   Investment dictionary

  • commercial paper — A relatively low risk short term (maturing at 60 days or less in the US but longer in the UK) unsecured form of borrowing. Commercial paper is often regarded as a reasonable substitute for Treasury bills, certificates of deposit, etc. The main… …   Accounting dictionary

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