Commercial paper, in the global financial market, is an unsecured promissory note with a fixed maturity of not more than 270 days commercial paper is a money-market. Maturities on commercial paper rarely range any longer than 270 days the debt is usually issued at a discount, reflecting prevailing market interest rates.
Definition of commercial paper: an unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts. Commercial paper a written instrument or document such as a check, draft, promissory note, or a certificate of deposit, that manifests the pledge or duty of one.
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· news about commercial paper commentary and archival information about commercial paper from the new york times. Commercial paper commercial paper is the most prevalent form of security in the money market, issued at a discount, with a yield slightly higher than treasury bills.
The federal reserve board of governors in washington dc. Define commercial paper: short-term unsecured discounted paper usually sold by one company to another for immediate cash needs.
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Commercial paper (cp) consists of short-term, promissory notes issued primarily by corporations maturities range up to 270 days but average about 30 days.
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