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单词 a commercial paper
释义

commercial paper

Definition
Promissory note (issued by financial institutions or large firms) with very-short to short maturity period (usually, 2 to 30 days, and not more than 270 days), and secured only by the reputation of the issuer. Rated, bought, sold, and traded like other negotiable instruments, commercial paper is a popular means of raising cash, and is offered generally at a discount instead of on interest bearing basis. Also called paper. See also government paper.

Use 'commercial paper' in a Sentence

If you want to pay for something but don't like using cash commercial paper can be a good option if the buyer is ok with it.
We decided to buy an extremely large amount of commercial paper to best set up our business for continued success.
Many corporations use commercial paper as a form of currency indicating the transference of a specified sum of money at a specified time.
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更新时间:2025/3/10 13:43:39