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Without access to commercial paper, companies struggle to pay salaries and buy supplies.
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Without access to commercial paper, companies struggle to pay salaries and buy supplies.
Commercial paper is not usually backed by any form of collateral, so only firms with high-quality debt ratings will easily find buyers without having to offer a substantial discount (higher cost) for the debt issue.
A major benefit of commercial paper is that it does not need to be registered with the Securities and Exchange Commission (SEC) as long as it matures before nine months (270 days), making it a very cost-effective means of financing. The proceeds from this type of financing can only be used on current assets (inventories) and are not allowed to be used on fixed assets, such as a new plant, without SEC involvement.
2) pl амер. коммерческие бумаги (обращающиеся на рынке обязательства крупных компаний, не имеющие специального обеспечения)
1) краткосрочный коммерческий вексель
2) pl амер. коммерческие бумаги (чеки и т. п.)
скор. CP
короткотерміновий комерційний вексель (на строк менше одного року; без забезпечення); комерційний папір {США}
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