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Commercial paper

Abbr.: CP. Common form of money market paper in the US in the form of a promissory note issued by a large company which gives a blank endorsement of the CP. Interest is discounted from the face value at the prevailing market rate for commercial paper on sale. Foreign companies have recently also started issuing CP in the US. See also Eurocommercial paper.

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commercial paper
Banking; Investment banking

Abbr.: CP. Common form of money market paper in the US in the form of a promissory note issued by a large company which gives a blank endorsement of the CP. Interest is discounted ...

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An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory. Maturities typically range from 2 to 270 ...

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