ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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COMMERCIAL PAPER Definition
COMMERCIAL PAPER is short-term obligations with maturities ranging from 2 to 270 days issued by corporations, banks, or other borrowers to investors who have temporarily idle cash on hand. Commercial paper is usually unsecured and discounted.
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MEDIUM TERM usually encompasses a calendar of 2-3 years or less.
CHECK is a draft drawn against a bank, payable upon demand to the person/entity named upon the draft.