Business / Finance / Commercial Paper: Similar to MBS but backed by loans secured with commercial rather than residential property. Commercial property includes multi-family, retail, office, etc., They are not standardized so there are a lot of details associated with structure, credit enhancement, diversification, etc., that need to be understood when valuing these instruments.
Paper Noun Plural Synonyms: newspaper, tabloid, daily, weekly, journal, gazette, publication, periodical, newsletter, organ, rag, sheet
Paper Noun Synonyms: stationery, letterhead, writing-paper, letter-paper, notepaper, foolscap, scrap or also scratch paper, wrapping paper, gift-wrapping, gift-wrap, wallpaper
Business / Finance / Commercial Property: Short-term unsecured promissory notes issued by a corporation. The maturity of commercial paper is typically less than 270 days; the most common maturity range is 30 to 50 days or less. MORE