Business / Taxes / Commercial Paper: To help meet their immediate needs for cash, banks and corporations sometimes issue unsecured, short-term debt instruments known as commercial paper. Commercial paper usually matures within a year and is an important part of what’s known as the money market. It can be a good place for investors — institutional investors in particular — to put their cash temporarily. That's because these investments are liquid and essentially risk-free, since they are typically issued by profitable, long-established, and highly regarded corporations.
Paper Noun Synonyms: stationery, letterhead, writing-paper, letter-paper, notepaper, foolscap, scrap or also scratch paper, wrapping paper, gift-wrapping, gift-wrap, wallpaper
Paper Noun Plural Synonyms: newspaper, tabloid, daily, weekly, journal, gazette, publication, periodical, newsletter, organ, rag, sheet
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