COMMERCIAL PAPER


Meaning of COMMERCIAL PAPER in English

1. negotiable paper, as drafts, bills of exchange, etc., given in the course of business.

2. corporate promissory notes, usually short-term and unsecured, sold in the open market.

[ 1830-40, Amer. ]

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .