COMMERCIAL PAPER • FREE TRANSLATOR.ORG • Definition of Commercial paper

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/kəmˈərʃəl pˈeɪpər/ Listen

Commercial paper

noun

An unsecured and unregistered short-term obligation issued by an institutional borrower to investors who have temporarily idle cash.

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Etymology of 'Commercial paper'

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"Commercial paper" Quotes from Famous Books

... our conversation, when serious, can dwell upon little else. If we step into a railway-car, or the smoking-room of a hotel, or any other place where a dozen or two of men are gathered together, we shall hear them talking of stocks, of investments, of commercial paper, as if there were really nothing in this universe worth thinking of, save only the interchange of dollars and commodities. So constant and unremitted is our forced application, that our minds are dwarfed for everything except the prosecution of the ...

— The Unseen World and Other Essays • John Fiske

... celebrities, wrote political leaders in the papers, earned a great deal of money, lived high, and unfolded a restless and widely ramified activity. Then came the great financial crisis of 1867-68, which swept away so many great fortunes in Norway. Lie became involved (chiefly by endorsement of commercial paper) to the extent of several hundred thousand dollars. He gave up everything he had, and moved to Christiania, resolved to pay the enormous debt, for which he had incurred legal responsibility, to the last farthing. Quixotic as it may seem, it was his intention to ...

— Essays on Scandinavian Literature • Hjalmar Hjorth Boyesen