HyperDic: commercial_paper

English > 1 sense of the expression commercial paper:
NOUNpossessioncommercial paperan unsecured and unregistered short-term obligation issued by an institutional borrower to investors who have temporarily idle cash
English > commercial paper: 1 sense > noun 1, possession
MeaningAn unsecured and unregistered short-term obligation issued by an institutional borrower to investors who have temporarily idle cash.
Broadercash equivalentA highly liquid debt instrument with maturities of less than three months
Spanishefecto comercial, efecto de comercio, efecto mercantil, pagaré de empresa

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