Euro-commercial paper

Short-term notes with maturities up to 360 days that are issued by companies in international money markets.

Eurocommercial Paper

A short-term, unsecured loan issued by a corporation in a currency other than the one in which the corporation operates. Corporations issue eurocommerical papers in order to tap into the international money markets for their financing. Like other commercial papers, eurocommercial papers are rarely for a term longer than a few months and they are usually issued at a discount. An example of a eurocommercial paper is a British firm issuing debt in U.S. dollars to encourage investment from dollar-investors in international money markets. See also: Eurodollar.

单词	euro-commercial paper
释义	euro-commercial paper euro-commercial paper (ˌjuːrəʊkəˈmɜːʃəl) n (Banking & Finance) commercial paper issued in a eurocurrency Euro-commercial paper Euro-commercial paper Short-term notes with maturities up to 360 days that are issued by companies in international money markets. Eurocommercial Paper A short-term, unsecured loan issued by a corporation in a currency other than the one in which the corporation operates. Corporations issue eurocommerical papers in order to tap into the international money markets for their financing. Like other commercial papers, eurocommercial papers are rarely for a term longer than a few months and they are usually issued at a discount. An example of a eurocommercial paper is a British firm issuing debt in U.S. dollars to encourage investment from dollar-investors in international money markets. See also: Eurodollar.
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euro-commercial paper