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Commercial paper

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COMMERCIAL PAPER - Bills of exchange (drafts), promissory notes, bank checks, and other negotiable instruments for the payment of money, which are such instruments by virtue of their form.

 


A commercial paper, such as a check or promissory note, that contains the signature of the maker or drawer; ...

Definition
: commercial paper that is freely negotiable by the holder and is made payable to bearer
compare order paper in this entry
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As had been the case with the American market throughout its whole history, the movement of interest and discount rates was by no means uniform, call loans on many occasions shooting up above the general level, while even commercial paper and bank ...

In general the parties who have drawn, endorsed or accepted bills or other commercial paper for the accommodation, of others, are, while in the hands of a holder who received them before they became due, ...

Discounting commercial paper for its customers;
Dealing in exchange and in gold and silver coin and bullion;
Collecting notes and drafts deposited;
Arranging credits for itself with banks in other towns, cities and countries; ...

See also: Law, Information, State, Money, Order

Law Commercial leaseCommercial set

 
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