Share This Article:

Economic Definition of commercial paper. Defined.

Offline Version: PDF

Term commercial paper Definition: Short-term negotiable financial instruments, or promissory notes, sold by corporations to raise working capital. The maturity length of commercial paper is less than a year, often 30, 60 or 90 days. The corporations who issue commercial paper are usually the largest, most stable, and most profitable businesses in the country.

 

« command economy | commodity exchange »

Permalink: http://glossary.econguru.com/economic-term/commercial+paper

Alphabetical Reference to Over 2,000 Economic Terms