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two-name paper
[ too-neym ]
noun
, Banking.
- commercial paper having more than one obligor, usually a maker and endorser, both of whom are fully liable.
two-name paper
noun
- finance a commercial paper signed by two persons both of whom accept full liability
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Example Sentences
I don't know even the name of your new outfit yet, but I'll take a chance on one piece of two-name paper, anyhow.
From Project Gutenberg
Two-name paper is mostly confined to commercial transactions.
From Project Gutenberg
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