Commercial Paper
A Dictionary of Law · Henry Campbell Black · 1891
A Dictionary of Law
The term “commercial paper” means bills of exchange, promissory notes, bank-checks, and other negotiable instruments for the payment of money, which, by their form and on their fuce, purport to be such instruments as are, by the law-merchant, recognized as falling under the designation of “commercial paper.”
6N. B. R. 338.
Commercial paper means negotiable paper given in due course of business, whether the element of negotiabilily be given it by the law-merchant or by statute.. A note given by a merchant for money loaned is within the meaning.
5 Biss. 113.