Noun
an unsecured and unregistered short-term obligation issued by an institutional borrower to investors who have temporarily idle cash
Source: WordNetAfter serving as a Marine in the 1960s, Finney worked as a commercial paper trader for the First National Bank of Chicago, then as executive director of The Woodlawn Organization, often known by the acronym TWO, by the late 1960s. Source: Internet
Mr Mnuchin said fears that the markets were being left without a backstop were overblown in that the credit facilities related to short-term funding markets — like commercial paper and money market mutual funds — would remain in place. Source: Internet
Research shows that Troubled Asset Relief Program (TARP) recipients were twice as likely to participate in the program than other commercial paper issuers who did not take advantage of the TARP bailout. Source: Internet
Analysts at Fitch Ratings have affirmed their top-shelf rating on the commercial paper portfolio of Vanderbilt University, saying the university -- where the flagship medical complex has had a rough year -- remains on a sound financial footing… Source: Internet
Versant primarily invests its clients’ assets in equity securities, corporate debt securities, commercial paper, certificates of deposit, municipal securities, investment company securities, stocks, bonds, exchange-traded funds and mutual funds. Source: Internet
He resigned from Combat in 1947 when it became a commercial paper. Source: Internet