COMMERCIAL PAPER

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

An unsecured and unregistered short-term obligation issued by an institutional borrower to investors who have temporarily idle cash

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("commercial paper" is a kind of...):

cash equivalent (a highly liquid debt instrument with maturities of less than three months)

Credits