commercial paper

noun

1. negotiable paper, as drafts, bills of exchange, etc., given in the course of business.
2. corporate promissory notes, usually short-term and unsecured, sold in the open market.

commercial paper

noun

1. a short-term negotiable document, such as a bill of exchange, promissory note, etc, calling for the transference of a specified sum of money at a designated date

Word History and Origins

Origin of commercial paper¹

An Americanism dating back to 1830–40

Example Sentences

"But I think anyone would take a single A Treasury over AAA commercial paper," he added.

From Reuters

No commercial paper has been issued as of March 31, the filing said.

From Reuters

Multiple options exist for parking cash, such as investing in short-term government securities, money market instruments and corporate commercial paper.

From Los Angeles Times

The three-month commercial paper yield had soared by more than 200 basis points in a few weeks from just above 3% in late September last year on concerns about possible debt defaults by property developers.

From Reuters

Moreover, Adani Group companies have not been rolling over many of their short-term commercial papers and instead allowed them to mature.

From Reuters