what do mean by the term commercial paper ?
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Commercial paper is an unsecured promise to pay a certain amount on a stated maturity date, issued in bearer form
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Commercial paper, also called CP, is a short-term debt instrument issued by companies to raise funds generally for a time period up to one year. ... They are typically issued by large banks or corporations to cover short-term receivables and meet short-term financial obligations, such as funding for a new project
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