euro-commercial paper meaning

[Economics]
= ECP

Commercial paper issued in a eurocurrency, the market for which is centred in London. It provides a quick way of obtaining same-day funds by the issue of unsecured notes, for example in Europe for use in New York.


[Finance]
Short-term notes with maturities up to 360 days that are issued by companies in international money markets.

Related Words

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  3. euro straight meaning
  4. euro- meaning
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  6. euro-dollars meaning
  7. euro-isdn meaning
  8. euro-medium term note (euro-mtn) meaning
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  10. euro-note meaning
PC Version