commercial paper
noun
: short-term unsecured discounted paper usually sold by one company to another for immediate cash needs
Example Sentences
Recent Examples on the Web Specifically, Tether is reportedly backed by reserves that include some digital tokens and commercial paper—short-term debt issued by companies. 
Marco Quiroz-gutierrez, Fortune, 12 Aug. 2022 But the company’s financial statements show that a significant portion of its reserves are tied up in unsecured corporate debt known as commercial paper. New York Times, 13 June 2022 Those holdings have consisted of investments like cash and short-term U.S. government securities but also short-term IOUs known as commercial paper. Caitlin Ostroff, WSJ, 12 May 2022 Tether said the average duration of its commercial paper and certificates of deposit is 44 days and the average rating is A-1, the second-highest possible. Christiaan Hetzner, Fortune, 20 May 2022 These creditors hold large quantities of commercial paper representing money owed for goods and services, and in China’s Wild West financial system those IOUs are frequently exchanged as a form of money. The Editorial Board, WSJ, 29 July 2022 The yields paid by money market funds at the moment are below those of Treasury bills and corporate bonds or commercial paper, but with rates fluctuating, the funds have a great advantage. New York Times, 12 June 2022 The one-week financial commercial paper rate followed nearly the same path. Norbert Michel, Forbes, 18 Mar. 2022 Access to commercial paper froze when the pandemic first roiled markets, forcing the Fed and the European Central Bank to step in to stabilize it. Abhinav Ramnarayan, Bloomberg.com, 9 Feb. 2022 See More
Marco Quiroz-gutierrez, Fortune, 12 Aug. 2022 But the company’s financial statements show that a significant portion of its reserves are tied up in unsecured corporate debt known as commercial paper. New York Times, 13 June 2022 Those holdings have consisted of investments like cash and short-term U.S. government securities but also short-term IOUs known as commercial paper. Caitlin Ostroff, WSJ, 12 May 2022 Tether said the average duration of its commercial paper and certificates of deposit is 44 days and the average rating is A-1, the second-highest possible. Christiaan Hetzner, Fortune, 20 May 2022 These creditors hold large quantities of commercial paper representing money owed for goods and services, and in China’s Wild West financial system those IOUs are frequently exchanged as a form of money. The Editorial Board, WSJ, 29 July 2022 The yields paid by money market funds at the moment are below those of Treasury bills and corporate bonds or commercial paper, but with rates fluctuating, the funds have a great advantage. New York Times, 12 June 2022 The one-week financial commercial paper rate followed nearly the same path. Norbert Michel, Forbes, 18 Mar. 2022 Access to commercial paper froze when the pandemic first roiled markets, forcing the Fed and the European Central Bank to step in to stabilize it. Abhinav Ramnarayan, Bloomberg.com, 9 Feb. 2022 See More Word History
First Known Use
1836, in the meaning defined above
Legal Definition
commercial paper
see paper