What is the Definition of Commercial Paper?
Short-term, unsecured and, usually, discounted promissory note issued by commercial firms and financial companies often to finance current business. Commercial paper, which is rated by debt rating agencies, is sold through dealers or directly placed with an investor.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Insurance?
What is the Definition of Commercial Paper?
Check out other definition of insurance terms below:
What is the Meaning of CRASH PARTS In Insurance Terms?
Sheet metal parts that are most often damaged in a car crash. (See Generic auto parts)
What is the Meaning of CREDIT In Insurance Terms?
The promise to pay in the future in order to buy or borrow in the present. The right to defer payment of debt.
What is the Meaning of CREDIT DERIVATIVES In Insurance Terms?
A contract that enables a user, such as a bank, to better manage its credit risk. A way of transferring credit risk to another party.
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