Commercial Paper

Definition - What does Commercial Paper mean?

Short term unsecured promissory notes issued by large financially stable corporations to obtain short term financing. Commercial paper does not pay interest and is issued at a discount from its face value. All commercial paper matures in 270 days or less and matures at its face value.

Testopedia explains Commercial Paper

Connect with us

Testopedia on Linkedin
Testopedia on Linkedin
"Testopedia" on Twitter

Sign up for Testopedia's Free Newsletter!