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Dealer Paper
(redirected from Dealer Commercial Paper)

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Dealer Paper
Commercial paper issued by a company to a dealer, who in turn sells the paper to investors. Commercial paper is a short-term debt security. Dealer paper describes one way a company may issue it. This method generally excludes small investors because there is a large minimum investment, often $250,000 or more. See also: Direct paper.
dealer paper
Commercial paper that is sold by original issuers through dealers who wholesale the paper to its ultimate buyers. Individual investors are usually excluded from trading in dealer paper because of the size of the investment required, usually a minimum of $250,000. Compare direct paper.
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The Line of Credit carries a floating annual interest rate based on adding a fixed interest charge to the 30-day Dealer Commercial Paper Rate (currently about 6.
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30% plus the 30-day Dealer Commercial Paper Rate (as published in the Wall Street Journal), based upon actual days elapsed over a 360-day year.
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