What is the definition of Paper in stock market ?
- Posted on November 20, 2019
- Financial Terms
- By admin admin
Paper, or commercial paper, is a very short-term loan issued to a company for financing short term liabilities. The main features of commercial paper are:
- Very short maturity, no more than 270 days
- No collateral required, usually meaning only financially stable firms can receive it
- Lower interest rates than would be obtained by other means
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