Euronote
Noun
An underwritten, fully negotiable, unsecured, unsubordinated promissory note of a high-quality corporate, financial or sovereign borrower, issued in the Euromarket in bearer form, typically at a discount, with a maturity of 7 to 365 days (normally one, three or six months).
Comment:
“Euronote” is often used as a generic term for any short-term Euroissue, including Euro certificates of deposit (ECD) or Euro commercial paper (ECP).
