NOUN | possession | commercial paper | an unsecured and unregistered short-term obligation issued by an institutional borrower to investors who have temporarily idle cash |
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Meaning | An unsecured and unregistered short-term obligation issued by an institutional borrower to investors who have temporarily idle cash. | |
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Broader | cash equivalent | A highly liquid debt instrument with maturities of less than three months |
Spanish | efecto comercial, efecto de comercio, efecto mercantil, pagaré de empresa |
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