commercial paper

Definition of "commercial paper"
  1. Short-term unsecured promissory notes created by large corporations, maturing in 5 to 270 days, typically owned by corporations with excellent credit scores
How to use "commercial paper" in a sentence
  1. The corporation issued a commercial paper to raise funds efficiently.
  2. Due to their outstanding credit rating, they managed to dominate the commercial paper market.
  3. The company financed its inventory by selling commercial paper.

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