Commerical Paper definition
Commerical Paper any negotiable draft having a maturity at the ---------------- time of issuance not exceeding 270 days and which is exempt from the registration requirements of the Securities Act under Section 3(a)(3) thereof.
Examples of Commerical Paper in a sentence
Commerical Paper rated A1 by Standard & Poor's Corporation or P1 by ▇▇▇▇▇'▇ Investors Service, Inc.