paper
1 : a piece of paper containing a written statement: as
a : a formal written composition or document often intended for publication [the Federalist
s]
b : a document containing a statement of legal status, identity, authority, or ownership often used in pl. whether applying to one or more items [naturalization
s] [this policy, including the endorsements and the attached
s "
Mutual of Omaha"]
c : a document (as an answer, motion, or brief) prepared in furtherance of a legal action [all
s after the complaint required to be served upon a party shall be filed with the court "
Federal Rules of Civil Procedure Rule 5(d)"]
2 : a document providing evidence of a financial obligation
;esp : commercial paper in this entry
accommodation paper : commercial paper used by one party to accommodate another party
bearer paper : commercial paper that is freely negotiable by the holder and is made payable to bearer compare
order paper in this entry
chattel paper : paper that sets out both a buyer's obligation to repay and a lender's or a seller's security interest in the goods bought or that contains the provisions of a lease of the goods
commercial paper : a usually negotiable instrument (as a note, draft, or certificate of deposit) arising out of a commercial transaction
;specif : any of the instruments constituting the obligations of a business organization that are sold as investments
order paper : commercial paper that is payable to order compare
bearer paper in this entry
on paper : figured at face value