Bank paper
Encyclopedia
Bank paper is a thin strong writing paper
of less than 50g/m2 commonly used for typewriting and correspondence.
Bank paper are also securities which bank
s instead of governments issue. See also Commercial paper
, securities issued by corporations.
Paper
Paper is a thin material mainly used for writing upon, printing upon, drawing or for packaging. It is produced by pressing together moist fibers, typically cellulose pulp derived from wood, rags or grasses, and drying them into flexible sheets....
of less than 50g/m2 commonly used for typewriting and correspondence.
Bank paper are also securities which bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
s instead of governments issue. See also Commercial paper
Commercial paper
In the global money market, commercial paper is an unsecured promissory note with a fixed maturity of 1 to 270 days. Commercial Paper is a money-market security issued by large banks and corporations to get money to meet short term debt obligations , and is only backed by an issuing bank or...
, securities issued by corporations.