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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O as the fifth letter in a Nasdaq stock symbol indicates that the issue is second class of preferred shares in the company.
CLEARING BANK is a member bank of a national check clearing system.