COMMERCIAL PAPER Definition

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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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INVESTMENT TURNOVER is a profitability measure used to calculate the number of times per year an investment or assets revolve.

INSURANCE CLAIM is a written notification to an insurance company requesting payment of an amount due under the terms of the policy.

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