Definition: Unsecured, short-term promissory notes used by major corporations. The rate of interest on commercial paper is usually below the prime rate.
Definition: [crh] Short-term unsecured promissory notes issued by a corporation. The Definition: ="/?rd=maturity">maturity of commercial paper is typically less than 270 days; the most common maturity range is 30 to 50 days or lDefinition: ess.
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