We must liberate it by floating the commercial paper which we took in.
Face Value—The amount for which a commercial paper is drawn.
The reference was to commercial paper and not to bank-notes.
The one universally employed is the discount of commercial paper.
Part of it is virtually as liquid as commercial paper; two-thirds of it is not liquid.
But not all of this "other loans and discounts" is commercial paper.
Is there any commercial paper in this last, not inconsiderable, item?
Commercial paper and bank acceptances are both discountable.
Our idea is to buy all the commercial paper that we can get.
In addition to this, he dealt more largely in commercial paper than any other man in the city and perhaps in the Union.