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commercial paper
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commercial paper


  documents promising to repay uncollateralized, short-term loans (maturing in no more than 270 days)
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Notes:
The bulk of the commercial paper matures within 3 months. It is available in a wide range of denominations, can be either discounted or interest-bearing, and usually has a limited or non-existent secondary market. Commercial paper is usually issued by companies with high credit ratings and is commonly bought by Money market funds since the issuing amounts are often too high for individual investors.
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Associated words [difficulty]:   commercial paper , capital [1] , pro rata [9] , working capital [9]
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Most commonly used in these subjects:   Business, Personal Finance, Law
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