An unsecured and unregistered short-term obligation issued by an institutional borrower to investors who have temporarily idle cash.

Roget 787: lending etc. v.; loan, advance, accommodation, feneration^†; mortgage, second mortgage, home loan etc. (security) 771; investment; note, bond, commercial paper.    mont de piete [Fr.], pawnshop, my uncle's.    lender, pawnbroker, money lender; usurer, loan shark.    loaner (of item loaned). ... show more

Roget 799b: securities, stocks, common stock, preferred stock, bonds, puts, calls, options, option contract, warrants, commercial paper, bearer bond, tax-exempt bond, callable bond, convertable bond^†.    share, stock certificate; coupon, bond coupon.    liquid assets.    ... show more