„Commercial Paper“

What does Commercial Paper stand for?

Negotiable instruments used in commerce. Usually they are short term, unsecured, promissory notes issued by highly rated entities and are traded on the money markets.

Source:

Principles of Money, Banking & Financial Markets,12th Edition. Lawrence S. Ritter, William L. Silber, Gregory F. Udell, 2010, Addison-Wesley Publishing.

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