Unsecured debt (IOU), issued by large corporations, with maturities (at time of issue) less than a year. They can be traded on OTC.
Borrowing in the form of short term paper issued by companies. Also known as CP or ECP (Euro Commercial Paper). Usually redeemable at par value and pays no interest. Hence it is issued and trades at a discount.
Commercial Paper (CP) is short term unsecured debt issued by companies in the form of promissory notes as an obligation of the issuer. CP is typically issued at a discount to face value - but interest bearing notes can be requested. If paper is issued as interest bearing it will still be quoted on a discount basis. CP can be issued in bearer or registered form. The scale of any CP issue makes it exclusively a wholesale market, attracting banks, money market funds, insurance companies and other large cash rich firms as investors.
A promissory note issued by a large company in need of short-term financing.
A short-term unsecured promissory note issued by corporations with high credit standing.
Short-term debt obligations that have maturities of less than a year and are issued by banks, corporations and other borrowers. Although they are considered unsecured debt, they offer the relative safety of an instrument that is issued only by top rated concerns and is nearly always backed by bank lines of credit. [Go to source
Short-term unsecured promissory notes issued by a company.
An unsecured obligation issued by a corporation or... Add a comment
They represent short-term unsecured promissory notes issued by firms, which enjoy a fairly high credit rating. The maturity period of commercial paper mostly ranges from 90 to 180 days issued mostly at a discount from its face value and redeemed at par.
Unsecured short term corporate debt.... more on: Commercial paper
Short term, unsecured corporate bonds issued to cover short-term cash needs and backed by the general creditworthiness of the issuer rather than by specific assets, typically having a maturity of less than 270 days.
unsecured obligation issued by a corporation or special purpose entity to finance its short-term credit needs. Maturities generally range from 1 to 270 days.
Commercial Paper is short-term debt of a company, generally paying money market Interest Rates and having a maturity of 270 days or less. Investment grade Commercial Paper is typically a low risk investment, but involves risk to Principal.
Short-term unsecured debt instrument or promissory note issued by banks, corporations or other borrowers
Large organisations which are regarded as soundly based financially can borrow money for the short term without giving any security. The document which confirms the debt is known as commercial paper.
short-term, discounted and unsecured corporate debt of large American banks and companies issued as a way of borrowing money.
Negotiable, short-term, unsecured promissory notes issued in bearer form, usually on a discount basis, by a corporation to raise working capital for any term normally up to 180 days.
A promissory note issued abroad by a company to borrow funds, thus generating a short-term debt. Used as a source of funding.
Short-term obligations with maturities ranging from 2 to 270 days issued by banks, corporations and other borrowers to investors with large temporary cash positions. Such instruments are unsecured and usually discounted, but are usually interest bearing.
Short-term, unsecured promissory notes, usually backed by a line of credit with a bank, that mature within 270 days. The issuer typically pays maturing principal of outstanding commercial paper with newly issued commercial paper, referred to as a “ roll over,” thereby borrowing funds on a short-term basis for an extended period of time. Rate reset periods may vary from one to 270 days and different portions of a single issue of commercial paper may simultaneously have different reset periods. See: NOTE.
Unsecured promissory notes of large corporations.
Unsecured, short-term loan, usually with up to 270 day maturity, sold by companies or institutions for working capital; is discounted in most of the cases. Widely used in the US.
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 days. see also paper, collateral surety, debt instrument, Eurocommercial paper, paper dealer, prime paper.
Unsecured, short-term promissory notes issued by corporations for specific amount with specific maturity dates. Prime CP possesses a rating of at least A-1, P-1, F-1 as assigned by Standard & Poor's, Moody's and Fitch IBCA.
Corporate promissory notes issued to provide short-term financing, sold at a discount and redeemed at face value. A principal component of money market fund portfolios because of its high yield.
Short-term, negotiable, unsecured notes of highly reputable business firms.
One of the various types of short-term negotiable instruments whereby industrial or finance companies obtain cash after agreeing to pay a specific amount of money on the date due.
Type of short-term debt issued by an industrial or commercial company without a bank guarantee.
an unsecured and unregistered short-term obligation issued by an institutional borrower to investors who have temporarily idle cash
a short-term promissory note issued by a large corporations
a short-term unsecured promissory note issued by corporations and foreign governments for many large, creditworthy issuers
a short term unsecured promissory note issued by the raiser of debt to the investor
a short term unsecured promissory note typically used by large corporations to finance short-term working capital requirements
All negotiable instruments related to business.
Very short-term IOUs of highly rated corporate borrowers. The maturity of these loans range from overnight to 90 days. Money market funds are a big buyer of commercial paper.
Debt instrument issued by large companies with a term of 1 to 12 months.
Tradable unsecured promissory notes issued for the purpose of short term financing. Commercial paper is issued on an ongoing, revolving basis with maturities typically between seven days and 12 months or more.
Unsecured, short-term, interest-bearing IOUs issued by large corporations or financial entities. Maturities can be as short as a few days. Some commercial paper, rather than paying interest, is sold at a discount to its face value.
Short-term, unsecured, discounted notes issued by institutional borrowers and sold to investors for short term cash investment needs.
A short-term security issued to raise money, typically under one year and traded on a discount basis.
Negotiable, short-term promissory note issued by well-known corporate borrowers. Notes must mature in 270 days or less and are used to fill short-term needs.
Short-term unsecured debt issues of large corporations, usually issued in discount form.
A very short-term unsecured promissory note, supported by a bank line or letter of credit, which has a maturity from one (1) to 270 days. Some cities issue commercial paper for their Sewer Revenue Fund to provide some flexibility in financing the Capital Improvement Program for the Sewer System.
Unsecured, short-term bearer obligations typically issued by a corporation or similar entity at a discount from face value and offering fixed rate of return. Maturity is usually 270 days or less.
An unsecured short-term obligation with maturity ranging up to 270 days.
an unsecured obligation issued by a corporation or bank to finance its short-term credit needs, with maturities ranging from one day to 270 days.
Short-term and unsecured promissory notes issued by corporations with very high credit standings.
Short-term unsecured promissory note issued in the open market as an obligation of the issuing entity.
Unsecured (i.e. no collateral required), unregistered short-term debt that typically comes due within 270 days.
Commercial paper (CP) is a short term, unsecured instrument issued by corporate bodies (public & private) to meet short-term requirements of working capital. Maturity varies between 3 months to 1 year. CP is issued at a discount. These can be issued to any
the technical term used to describe domestic short-term promissory notes issued as evidence of debt. The issuer/ seller/ borrower raises the funds for a fairly short period (one to six months) most likely with periodic rollovers. Funds raised this way are usually used for working capital and liquidity. In Australia, promissory notes, commercial bills and non-bank certificates of deposit are types of commercial paper.
Short-term corporate borrowing that is backed by the general creditworthiness of the issuer rather than by specific assets. Commercial paper is typically sold to financial institutions and mutual funds.
Short-term corporate obligations or promissory notes which are unsecured, bear interest and have flexible maturities. Issued by companies with excellent credit ratings.
A form of short term debt, with a maturity of as little as one day.
Bearer debentures with a maturity of seven days to two years (generally 30-90 days), which are not publicly quoted. The minimum volume is EUR 0.5 mn. Their tradability in comparison to other money market investments makes them attractive.
Short-term (generally 2 to 270 days) obligations (notes) issued by banks and corporations with high credit ratings. These notes are usually unsecured and usually issued at a discount. Commercial Property Form. An all-risk type insurance policy covering business personal property against physical loss for retailers, wholesalers and certain other types of businesses.
Short-term, unsecured debt instruments with flexible maturities (max. 270 days) from prime-rated issuers. They allow companies to cover their short-term financing requirements directly via major issuers.
Unsecured notes issued by companies that mature within nine months. Generally, commercial paper is issued only by the larger and more credit worthy companies.
Unregistered corporate promissory notes issued to raise short-term funds. The notes can be sold at a discount with full payment on demand at maturity.
Unsecured, unregistered promise to repay borrowed funds in a specified period ranging from overnight to 270 days.
Short-term unsecured obligations of corporations or banks with maturities ranging from 2 to 270 days.
Is an unsecured, short-term instrument. It has a maximum maturity of 270 days. It is issued by companies which have high credit ratings. This instrument is a cash management tool to finance short-term financial needs. It should be noted that corporate downgrades or bankruptcies can severely damage the value of these instruments.
Short-term unsecured promissory notes issued by a corporation. The maturity of commercial paper is typically less than 270 days; the most common maturity range is 30 to 50 days or less.
Short-term securities (typically 90 days in maturity) issued by companies to raise working capital.
Un-secured promissory notes of corporations, 270 days or less in length, usually sold on a discount basis.
a promissory note issued by a large company to secure short-term financing.
An unsecured promissory note with a fixed maturity of one to 270 days; usually it is sold at a discount from face value.
an unsecured promissory note issued for a specific amount with a maturity of 270 days or less
Unsecured promissory notes generally issued by financially-strong, large corporations to cover short-term debt, usually paying money-market interest rates and having an initial maturity of 60 days or less.
Short-term debt instrument (ranging from a few days to one year) issued by a corporation. Commercial paper is generally not secured by the corporation's assets.
Short-term, unsecured promissory notes with maturities no longer than 270 days. They are issued by corporations, in denominations starting at $10,000, to fund short-term credit needs.
Short-term debt securities issued by corporations, banks, and other borrowers.
Negotiable instruments used in commerce.
An unsecured promissory note with a fixed maturity of no more than 270 days.
Short-term note or draft typically issued by a government or corporation on a discount basis. In the United States, CP is limited to terms of 1 to 270 days and is usually supported by a back-up bank line of credit.
A short-term debt instrument (usually of 30-90 days maturity) issued by a large corporation. Commercial paper does not pay interest. It is sold at a discount to its face value and its reward comes from the capital gain on maturity.
Short-term loans to corporations.
Short-term negotiable debt securities issued by non-financial corporations with terms of a few days to a year.
short-term obligations with maturities ranging from 2 to 270 days issued by banks, corporations, and other borrowers to investors with temporarily idle cash. Such instruments are unsecured and usually discounted, although some are interest-bearing. They can be issued directly - direct issuers do it that way - or through brokers equipped to handle the enormous clerical volume involved. Issuers like commercial paper because the maturities are flexible and because the rates are usually marginally lower than bank rates. Investors - actually lenders, since commercial paper is a form of debt - like the flexibility and safety of an instrument that is issued only by top-rated concerns and is nearly always backed by bank lines of credit. Both Moody's and Standard & Poor's assign ratings to commercial paper.
Short-term negotiable notes or drafts issued by financial and non-financial companies, usually with high credit ratings, as simple discount or interest-bearing obligations, to meet working capital cash needs.
Debt instruments issued by companies to meet short-term financing needs.
A short-term debt instrument issued by corporations. Its rate of interest is set at issuance and can be realized only if held to maturity.
An unsecured, short-term loan issued by a corporation, typically for financing accounts receivable and inventories. It is usually issued at a discount reflecting prevailing market interest rates.
A money market instrument which is a short term promissory note issued by a corporation
Unsecured short-term debt, usually from 2 to 270 days, issued by banks and corporations, which is generally safe and flexible. It is usually a major component of money market fund investment portfolios.
An unsecured short-term promissory note issued by corporations, with maturities ranging from 2 to 270 days.
Short-term, unsecured, and usually discounted promissory note issued by commercial firms and financial companies often to finance current business. Commercial paper, which is rated by debt rating agencies, is sold through dealers or directly placed with an investor.
A short-term note (normally 30 to 270 days) issued by corporations with good credit ratings. Rates can be found in financial sections of newspapers like the Wall Street Journal and on websites.
Commercial Papers are short-term credit instruments with a maturity of 30, 60 or 90 days. They are cash equivalents.
A short-term, negotiable certificate sold by one institution to another in order to meet immediate cash needs.
Short-term, unsecured debt obligations that are issued by large corporations with good credit ratings and that are actively traded in financial markets. By selling such obligations, issuers of commercial paper borrow directly from the public rather than indirectly through financial intermediaries such as commercial banks.
short-term IOU, or unsecured money market obligation, issued by prime rated commercial firms and financial companies, with maturities from 2 days up to 270 days. A promissory note of the issuer used to finance current obligations, and is a negotiable instrument.
high grade unsecured short term notes issued by major corporations.
Commercial paper ("CP") is an alternative source of funding for lenders. The CP market is a shortâ€“term market which enables investors to purchase lowâ€“risk, marketable securities with returns equivalent to both LIBOR and Money Markets. CP rates are available daily from a variety of print and electronic media, including the Wall Street Journal and on the Internet. Commercialâ€“Style Amortization: A repayment method requiring equal monthly principal payments, plus accrued monthly interest, over the life of the loan.
Short-term promissory notes issued primarily by corporations.
Unsecured, short-term (usually a maximum of nine months) bearer obligations in denominations from $100,000 to $1 million, issued principally by industrial corporations, finance companies, and commercial factors at a discount from face value
Unsecured short-term promissory notes used by companies to obtain cash. They are sold through dealers in the open market or directly to investors. The maturity of commercial paper is typically less than 270 days; the most common maturity range is 30 to 50 days or less. Such short maturities make commercial paper a fairly stable, liquid investment. It will often be part of an equity fund's cash position or the cash part of a company's current assets. Money market funds also hold commercial paper.
A negotiable corporate promissory note with a term of a few days to a year. It is generally not secured by company assets.
Short-term loan issued in the open market by companies with strong credit ratings. Maturities typically range from 2 to 270 days.
Short-term promissory notes issued in bearer form by large corporations, with maturities ranging from 5 to 270 days. Since the notes are unsecured, the commercial papers market generally is dominated by large corporations with impeccable credit ratings.
Negotiable short-term debt certificate in bearer form, issued by companies.
A short-term debt obligation frequently used as investments by money market accounts with a life cycle of less than six months, but more than one day. Commercial paper is rated as a safe investment, backed by major institutions.
When a company or corporation wants to borrow money for a short period of time, it might issue commercial paper. Commercial paper is an unsecured promissory note stating that the money borrowed will be paid back by a certain date. Simply defined, a promissory note is like an "IOU"- a written promise to pay back money borrowed. Usually, the company agrees to pay the lender within nine months (approximately 270 days). Commercial paper is one of the investments that may be found in the portfolios of mutual funds.
Negotiable, short-term, IOUs issued on a discount basis by corporations without collateral, in order to raise immediate capital.
Unsecured short-term debt issued by banks, corporates and other borrowers as part of a funding programme.
Commercial paper is a type of short-term debt instrument that is commonly issued by corporations to meet their short-term financing needs. These unsecured instruments have maturities ranging from 2 to 270 days. Both Moody's and Standard & Poor's assign ratings to commercial paper.
Short-term debt obligations issued by banks, corporations, and other borrowers to investors with temporary idle cash. Commercial paper is unsecured and usually discounted, although some issues are interest-bearing. Maturities range from 1 to 365 days.
Commercial paper is a money market security issued by large banks and corporations. It is generally not used to finance long-term investments but rather for purchases of inventory or to manage working capital. It is commonly bought by money funds (the issuing amounts are often too high for individual investors), and is generally regarded as a very safe investment.