Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun An unsecured debt instrument issued by a business to finance short-term cash needs, often traded in money markets.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun finance A
negotiable instrument with short maturity.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun an unsecured and unregistered short-term obligation issued by an institutional borrower to investors who have temporarily idle cash
Etymologies
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Examples
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john commented on the word commercial paper
“Money market funds serve a critical role in greasing the wheels of commerce. They use investors’ money to make short-term loans, known as commercial paper, to big corporations like General Motors, I.B.M. and Microsoft. Commercial paper is attractive to money market funds because it pays them a higher interest rate than, say, United States Treasury bills, but is still considered relatively safe.�?
The New York Times, 36 Hours of Alarm and Action as Crisis Spiraled, by Joe Nocera, October 1, 2008
October 2, 2008
rajelyas commented on the word commercial paper
Money market needs to be rolling and real estate can help in time of crisis. So small investments now can result in huge returns in the next decade or so.
Raj
MLS listings
January 31, 2009
bilby commented on the word commercial paper
Spam!
January 31, 2009