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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The company held $4.7 billion in cash as of November 2, 2024, with no short-term borrowings or commercial paper outstanding. —

Quartz Bot, Quartz, 4 Dec. 2024 As of October 27, 2024, Home Depot had $1.5 billion in cash and cash equivalents, with $1.3 billion of outstanding borrowings under its commercial paper program. —

Quartz Bot, Quartz, 22 Nov. 2024 The filing also details various financial agreements, including a revolving credit facility with a committed capacity of $2.25 billion and a commercial paper program with a maximum borrowing capacity of $1.5 billion. —

Quartz Bot, Quartz, 12 Nov. 2024 That makes sense because commercial paper, while hardly far out on the risk curve, lacks the assurance that Treasury bonds boast. —

Larry Light, Fortune, 13 Apr. 2023 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

See more words from the same year

Cite this Entry

Style

“Commercial paper.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/commercial%20paper. Accessed 26 Dec. 2024.

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