Non-financial Commercial Paper (NFCP)

Definition:

Commercial paper issued by non-financial firms. Non-financial issuers include public utilities, service and industrial companies.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Tax-neutrality

Characteristic that taxes do not interfere with the natural flow of capital toward its most productive use.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio