Business Studies, asked by keer1503, 10 months ago

what is commercial paper

Answers

Answered by shanthoshn

Answer:

Commercial paper, in the global financial market, is an unsecured promissory note with a fixed maturity of rarely more than 270 days.

Answered by tahirkhan62

Answer:

Commercial paper is a money-market security issued (sold) by large corporations to obtain funds to meet short-term debt obligations (for example, payroll) and is backed only by an issuing bank or company promise to pay the face amount on the maturity date specified on the note.

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