Face Value--The amount for which a commercial paper is drawn.
Larger houses in the big cities often do sell their "commercial paper" through brokers, and some of the big New York mercantile houses have had their paper scattered a good deal throughout the country.
Commercial paper" is no longer the chief banking asset.
Where, among these items, does one find "commercial paper"?
Sidenote: Short-time loans by discounting of commercial paper] 3.
The most usual form of short-time loan is that made by a bank or broker to business men on security of commercial paper.
Its essential features are the discount of commercial paper, the conduct of checking accounts, and the issue of notes.
Indeed, the essential characteristic of commercial paper is not revealed in the form of the credit document but in the fact that it is a link in this chain of exchange operations by which modern commerce is carried on.
Commercial Paper By commercial paper is meant the credit instruments or documents which the credit system now in general use throughout the commercial world regularly brings into existence and liquidates.
That part of the securities which consists of the promises of individuals or firms to pay to the bank at fixed dates, is made up of many such pieces of commercial paper, maturing, if properly marshalled, in tolerably steady succession.
The results of the process of investment in commercial paper and in other securities are best understood when we trace the effect in the account of the bank.
Most of the conditions of the case are best answered by the "discount" of commercial paper as above described.
We always calculate what sum each day will be likely to be withdrawn; besides which we always have a large amount of commercial paper which we could rediscount at the Bank of France at once.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "commercial paper" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
