Two Name Paper

DEFINITION of 'Two Name Paper'

A nickname assigned to trade paper. Both Trade Acceptances and Bankers Acceptances can be called "two name paper." In order to bear this name, these instruments must carry two signatures.

BREAKING DOWN 'Two Name Paper'

The signatures for two name paper can be either as endorser or drawer. If the issuer of one of these instruments cannot pay the acceptance, then the accepting bank becomes responsible for its payment.

RELATED TERMS
  1. Order Paper

    1. An order paper is a negotiable instrument that is payable ...
  2. Banker's Acceptance - BA

    A short-term debt instrument issued by a firm that is guaranteed ...
  3. Paper Trade

    Using simulated trading to practice buying and selling securities ...
  4. Paper Dealer

    A market maker that buys and sells extremely short-term corporate ...
  5. Fine Paper

    High-quality securities that are assumed to be risk free, or ...
  6. Soft Paper Report

    A reference to a lack of confidence in a report's facts or general ...
Related Articles
  1. Trading Strategies

    Pros And Cons Of Paper Trading

    Most market novices should paper trade for a considerable amount of time, despite key drawbacks.
  2. Stock Analysis

    International Paper Offloads Debt With JV Exit (IP)

    International Paper (NYSE: IP) is consolidating its international business and will be selling a bit less paper going forward. On Friday, the paper and packaging giant announced its entry into ...
  3. Retirement

    Money Market: Banker's Acceptance

    A bankers' acceptance (BA) is a short-term credit investment created by a non-financial firm and guaranteed by a bank to make payment. Acceptances are traded at discounts from face value ...
  4. Investing

    Panama Papers Data Dump: Biggest Surprises

    First of all, there aren't 214,000 entities mentioned--there are more than 320,000.
  5. Investing

    Panama Papers: Searchable Database of All 214,000 Parties Now Live

    Prepare for global mayhem.
  6. Stock Analysis

    2008's Terrible IPOs: Verso Paper And Safe Bulkers

    Learn why initial public offerings have earned their bad reputation. We dissect the worst 2008 has to offer.
  7. Entrepreneurship

    4 Tips for Choosing the Right Name for Your Business

    Discover some advice pertaining to the best ways to name a new business; learn what characteristics the name should include as well as what to prepare for.
  8. Stock Analysis

    Kimberly-Clark Cranks Up Prices

    Kimberly-Clark is the first to raise prices to offset commodity costs. Will other paper companies follow?
  9. Investing News

    PIMCO Report: The Case for High Yield Bonds in 2016

    Discover how PIMCO's 2015 white paper strays from the company's mission to identify investment opportunities and risks for its clients.
  10. Stock Analysis

    3 Reasons To Own International Paper

    Find out why International Paper is a buy, with or without Temple-Inland.
RELATED FAQS
  1. What happens when a company defaults on its commercial paper obligations?

    Read about the possible consequences of a large corporation defaulting on its commercial paper obligations even though the ... Read Answer >>
  2. What is the Activities of Daily Living (ADL) hierarchy scale?

    Find out how a banker's acceptance is different than a post-dated check, even though both instruments represent a claim against ... Read Answer >>
  3. What are some examples of securities that can be found in a money market fund?

    Learn about examples of securities found in money market accounts. These securities need to be safe, liquid and of short-term ... Read Answer >>
  4. Why would investors with lots of cash invest in bonds with negative yield?

  5. What is the average growth rate of the forest products sector?

    Learn about the average growth rate in the forest products sector, along with the contributions this sector makes to the ... Read Answer >>
  6. Should I convert my telecom paper stocks to electronic records?

    Convert your paper shares of a telecommunications company's stock to electronic form in just a few simple steps, and make ... Read Answer >>
Hot Definitions
  1. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  2. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  3. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  4. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  5. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
  6. Sharing Economy

    An economic model in which individuals are able to borrow or rent assets owned by someone else.
Trading Center