商业票据的中文解释

英文Commercial Paper的缩写。商业票据是一种无担保的短期期票(promissory note)，有确定的金额及到期日。商业票据是一种可转让的金融工具，通常是不记名的。与存款单(CD)一样，商业票据是筹措流动资金的工具。从融资成本看，发行商业票据与存款单应没有什幺区别，因为两者的收益率是相当的，但商业票据的期限通常在30天以内，以避免与存款单市场竞争。

CP的英文解释

This is a short-term unsecured promissory note issued for a specified amount and maturing on a specified date. CP is a negotiable instrument, typically in bearer form. CP, like CDs, are a means of raising working capital. In terms of funding costs, the issue of one or another should make no difference since both will produce comparable yields. However, CP tends to be issued with maturities of 30 days or less, to avoid competing with the CD market.

• amount [ə´maunt]   n.总数；数量 v.合计   (初中英语单词)
• instrument [´instrumənt]   n.仪器；手段；乐器   (初中英语单词)
• working [´wə:kiŋ]   a.工人的；劳动的   (初中英语单词)
• bearer [´beərə]   n.持票人；送信人   (高中英语单词)
• comparable [´kɔmpərəbəl]   a.可比较的；类似的   (英语四级单词)