Which of the following is a corporation's written pledge to repay borrowed funds with interest to investors?
A) trade credit
B) commercial paper
C) a corporate bond
D) a line of credit

Question

Quizplus · Accepted Answer

A corporation's written pledge to repay borrowed funds with interest to investors is called a corporate bond. Trade credit refers to a type of financing provided by a supplier to a customer, commercial paper refers to short-term unsecured promissory notes issued by a corporation, and a line of credit is a type of financing that allows a borrower to access funds up to a predetermined limit.

Which of the Following Is a Corporation's Written Pledge to Repay