Meaning of “prime commercial paper” in the English Dictionary

business-english dictionary

"prime commercial paper" in Business English

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prime commercial papernoun [ U ]

uk us

FINANCE commercial paper (= loans to companies) that has very low risk that it will not be paid back:

The interest paid on prime commercial paper is usually slightly lower than that charged for prime business loans.

(Definition of “prime commercial paper” from the Cambridge Business English Dictionary © Cambridge University Press)