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Commercial paper   /kəmˈərʃəl pˈeɪpər/   Listen
Commercial paper

noun
1.
An unsecured and unregistered short-term obligation issued by an institutional borrower to investors who have temporarily idle cash.





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"Commercial paper" Quotes from Famous Books



... our conversation, when serious, can dwell upon little else. If we step into a railway-car, or the smoking-room of a hotel, or any other place where a dozen or two of men are gathered together, we shall hear them talking of stocks, of investments, of commercial paper, as if there were really nothing in this universe worth thinking of, save only the interchange of dollars and commodities. So constant and unremitted is our forced application, that our minds are dwarfed for everything except the prosecution of the ...
— The Unseen World and Other Essays • John Fiske


Words linked to "Commercial paper" :   cash equivalent


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