commercial paper A short-term unsecured promissory note issued by a finance company or a relatively large industrial firm. The notes are generally sold at a discount from face value with maturities ranging from 30 to 270 days. Although the large denominations ($25,000 minimum) of these notes ...
RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook commercial paper Thesaurus Medical Legal Financial Acronyms Encyclopedia Wikipedia commercial paper n. An unsecured debt instrument issued by a business to finance short-term cash needs, often traded in money markets. ...
In subject area:Economics, Econometrics and Finance Euro commercial paper is a short-term debt instrument issued by corporations and financial institutions in any major currency to investors around the world outside the country of origin of the borrowers. ...
Commercial paper is an unsecured, short-term debt instrument issued by financial companies and large corporations. It’s typically used to finance short-term liabilities such as payroll, accounts payable, and inventories. 商业票据,是由金融机构与大公司发行的一种无担保的短期债务工具.它通常用于为短期债...
Corporations sell commercial paper (CP) for short-term funding, to pay creditors and employees, and other immediate expenses. To avoid having to register the security with the Securities and Exchange Commission, which lowers the cost and quickens its issuance, the commercial paper must have a ...
(1994). “Commercial Paper, Corporate Finance, and the Business Cycle: A Microeconomic Perspective.” NBER Working Paper No. 4848, September.Calomiris, Charles W., Charles P. Himmelberg, and Paul Wachtel (1995). "Commercial Paper, Corporate Finance, and the Business Cycle: A Microeconomic ...
Commercial paper is an unsecured and discounted promissory note issued to finance the short-term credit needs of large institutional buyers.
Commercial Paper, Corporate Finance, and the Business Cycle: A Microeconomic Perspective When Safe Proved Risky: Commercial Paper during the Financial Crisis of 2007–2009 System for invoice record management and asset-backed commercial paper program management ...
The Commercial Paper Funding Facility (CPFF) was aspecial purpose vehicle (SPV)created by theFederal Reserveto purchasecommercial paperto ensure commercial paper markets remainedliquid. The Fed stated in its March 17, 2020, press release: "Commercial paper markets directly finance a wide range of e...
Our data support three explanations for this apparent paradox, all of which recognize that commercial paper issuers are atypical by virtue of their unusually high short-term credit quality. First, such high quality firms use commercial paper to finance the accumulation of inventories during downturns....