commercial paper
2
6.3
- noun
- /kəˈmɜrʃəl ˈpeɪpər/
- Specialized
:
papel comercial
- If you put in your transaction tax, US companies will still need short-term loans (aka commercial paper).
- commercial paper market
- commercial paper - short-term
- issuing commercial paper
Or we're invested in overnight commercial paper, all right, that's not as risky.
- Or we're invested in overnight commercial paper, all right, that's not as risky.
- In China, developers often force their suppliers to accept commercial paper, a form of IOU, instead of cash payments.
- We don't see, you know which, which is the repo market, the consumer of corporate credit market, and then the commercial paper market.
Examples
-
Cash equivalents include commercial paper maturing within 90 days unless renewed.
Academic text (1998) -
Many corporations are turning to the commercial paper market to secure short-term funding for their operational needs.
-
Entered the commercial paper market.
Blog text (15) -
I'm putting it all in commercial paper like you said.
Fiction book (2000) -
The latter was made up primarily of commercial paper.
Blog text (15) -
In China, developers often force their suppliers to accept commercial paper, a form of IOU, instead of cash payments.
-
They pay subcontractors and suppliers with commercial paper and receivables instead of cash.
-
The commercial paper issued by these companies is not backed by any collateral, making it a higher risk for investors.
-
During economic downturns, businesses often rely on commercial paper to manage cash flow and cover immediate expenses.
Synonyms
A legal document that businesses use to make or record payments
How Long
- Specialized
12
6.6
- Specialized
- Specialized
2
6.3
5
3.2
Surface Forms
Morphology
commercial + paper
The parts 'commercial' (business-related) and 'paper' (document/written instrument) give a clear cue that the phrase refers to a business-related document, so a learner might infer a commercial/business document. However, the specific technical meaning — an unsecured short-term debt instrument — is specialized financial terminology that a B1 learner would not reliably derive from the constituents alone, so the expression is only partially predictable.
Etymology
Commercial paper comes from the old practice of merchants and companies writing a quick 'promise to pay' on a piece of paper. The word commercial means 'business' and paper means the written note, so today Commercial paper means a short 'business' loan in the form of a simple note, usually without a special guarantee.