commercial paper

noun

: short-term unsecured discounted paper usually sold by one company to another for immediate cash needs

Examples of commercial paper in a Sentence

Recent Examples on the Web
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In the same month Hugo Boss also successfully established a commercial paper (CP) program, enabling the group to issue short-term, unsecured notes in an aggregate amount of up to circa $585 million, expanding its access to capital markets beyond traditional bank financing. Mark Faithfull, Forbes.com, 7 July 2025 Ohio's investment pool, for example, is about 7% invested in commercial paper. Kayla Dwyer, IndyStar, 2 July 2025 From February 1 to March 15, the rate on overnight nonfinancial commercial paper doubled, rising from 0.16 percent to 0.33 percent. Norbert Michel, Forbes.com, 28 Apr. 2025 That included commercial paper and the securitized lending known as repurchase agreements. Peter Coy, New York Times, 17 May 2025 See All Example Sentences for commercial paper

Word History

First Known Use

1836, in the meaning defined above

Time Traveler
The first known use of commercial paper was in 1836

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Cite this Entry

“Commercial paper.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/commercial%20paper. Accessed 16 Jul. 2025.

Legal Definition

commercial paper

see paper

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