commercial paper - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “commercial paper”

commercial paper

noun [U]
 
 
FINANCE
loans that a company takes out for a short period of time from investors who have no security (= property that can be taken if they do not pay back a loan): Without access to commercial paper, companies struggle to pay salaries and buy supplies.
(Definition of commercial paper from the Cambridge Business English Dictionary © Cambridge University Press)
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