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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 ?
This spells out how I am a product of a prick and a papery woman.
Consequently, the garlic looks like a normal bulb, with papery skin, from the outside.
They are papery, pink, red and brown growths which grow up to a couple of inches across.
I love to look at the black-and-white photography at Saysalito Picture Framing and pick up letterpress holiday cards and fashionable ribbons and papers for present wrapping at Pinestreet Papery.
Garlic will be ready for lifting when the stems of garlic are dry and papery.
Lift the latter when the skin on the neck starts to brown and become papery.
Just peel away the papery skin layers to the juicy center bulb and either toss them into your mouth or toss them into your salad.
Within the simple geometry of the facade, the papery eroded brick contrasts with the shiny crinkly steel.
Pecans in the shell are 1 to 2 inches long, with a large embryo composed mostly of two very tasty kernels separated by a thin, papery central plate.
Its kingdom of papery combs now extends into the Midwest.
Even the other fungi in the show, recognizable from their caps and stems, have papery gills too thin to be separated by stubby fingers.
Without warning, it thrusts up its fat buds wreathed in hairy cases until, one morning, the first case splits and the red, papery petals tumble out, unwilling to wait a moment longer.