commercial paper


noun

negotiable paper, as drafts, bills of exchange, etc., given in the course of business.
corporate promissory notes, usually short-term and unsecured, sold in the open market.

Origin of commercial paper

An Americanism dating back to 1830–40

British Dictionary definitions for commercial paper

commercial paper

noun

a short-term negotiable document, such as a bill of exchange, promissory note, etc, calling for the transference of a specified sum of money at a designated date