Commercial paper
Commercial paper is an unsecured, short-term promissory note of a large firm, usually issued in denominations of $100,000 or more and having an interest rate somewhat below the prime rate.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Commercial paper. Unsecured, short-term promissory notes of large firms, usually issued in denominations of $100,000 or more and having an interest rate somewhat below the prime rate.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
