Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Commercial paper issued by a company to an investor without the use of a dealer to intermediate the transaction. Commercial paper is a short-term debt security. Direct paper describes one way a company may issue it. See also: Dealer paper.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Commercial paper sold directly by issuers to individual investors without the use of an intermediary. This method is most often used by finance companies such as General Motors Acceptance Corporation. Compare dealer paper.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.