paper


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Paper

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.

paper

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

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.

paper

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 classic literature ?
As the visitors passed along the street a good many paper dolls came to the doors and windows of their houses to look at them curiously.
The other half of the second page is made up of two paragraphs under the head of "Miscellaneous News." One of these paragraphs tells about a quarrel between the Czar of Russia and his eldest son, twenty-one and a half lines; and the other tells about the atrocious destruction of a peasant child by its parents, forty lines, or one-fifth of the total of the reading-matter contained in the paper.
I got up softly and went to feel and see if the paper DID move, and when I came back John was awake.
Kenge, before I lay this paper on your desk and have done with it, let me tell you how it has come into my hands."
He therefore came to the conclusion that the parcel contained simply some papers, and that these papers were relating to politics.
And from this paper my brother read that catastrophic despatch of the Commander-in-Chief:
"Very well, then," said I, "paper me, if you please, paper Alan, paper King George!
Reed and cloth came down to me, and I found another paper and a hundred crowns in gold, without any other coin.
"Thank you!" said Holmes, folding up the paper and returning it to our visitor.
He had nearly fainted when we found that the papers had undoubtedly been tampered with.
Why didn't you destroy the paper when you first laid hands upon it?
Father Brown seemed to be studying the paper more than the corpse; he held it close to his eyes; and seemed trying to read it in the twilight.