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Commercial Paper

An unsecured, short-term debt security issued by a corporation. Commercial paper is usually issued at a discount from par, and is a popular investment with mutual funds. It usually is issued in large denominations (over $250,000) and has a maturity of less than 270 days, with most maturing within one or two months of issue. It is a highly liquid investment and forms part of the money market. It is often simply called paper.


A short-term unsecured note. This is generally used interchangeably with the term commercial paper.


Short-term, unsecured debt securities that a corporation issues are often referred to as paper -- for short-term commercial paper. The term is sometimes used to refer to any corporate bonds, whether secured or unsecured, short or long term.


Slang for promissory notes.If a seller is willing to provide some or all of the financing for a property, the seller would say,“I'm willing to hold some paper.” Lenders who specialize in loans to borrowers with less-than-ideal credit histories are said to specialize in B paper.

References in periodicals archive ?
These users described their reactions to Paper-clip using words like, "Oh no
Several said that Paper-clip might be "OK for novices," but is a "nuisance" for intermediate and experienced users (Shroyer 1998).
The poll confirmed media reports that Paper-clip provokes two consistent objections.
Controversy surrounding the Paper-clip can be understood in terms of role conflicts between actual and implied readers.
Perkins cautioned that there can be no assurance that Hudson will be successful in forming the paper-clip REIT as many factors may prevent the successful formation and initial public offering of such an entity.