- Froogled By:
- Elias Makere, FSA, MAAA
- Last Froogled:
COMMERCIAL PAPER
one that is a writing indorsed by the maker (or drawer), containing an unconditional promise (or order) to pay a certain sum on demand (or at a specified time), and payable to order (or to bearer).
see also order paper; see certificate of deposit; see certified check
Feel free to use it throughout your financial/insurance life.
Sincerely,
www.FroogleMe.com
