commercial paper (EN)

phrase

phrase “commercial paper”

1. (in finance) short-term unsecured loans that companies issue to investors to raise funds
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   To manage its cash flow needs, the company issued commercial paper to cover its short-term obligations.
2. (in law) negotiable instruments like checks and promissory notes used in commercial transactions
   In business law class, we learned about different types of commercial paper, including checks and promissory notes.