- Unsecured notes issued by companies and maturing within nine months. Typically, commercial paper is issued only by the larger and more credit worthy companies.
unsecured note, promise
Related Terms and Acronyms
- Investment — Definition,
- Something you put your money into in order to make money.
- Note — Definition,
- A legal acknowledgement of a debt and an implicit promise to repay. It includes the loan amount, interest rate and term.