Albee Construction Company,a financially strong corporation that builds roads and bridges,finances its equipment leases by issuing unsecured short-term debt,this is known as which of the following?

Question

Quizplus · Accepted Answer

The financing method described in the scenario is known as commercial paper, which is a type of unsecured short-term debt issued by corporations to finance their operational expenses, such as leases, payroll, and inventory. Revolving credit refers to a line of credit that can be used repeatedly up to a certain limit, while collateralized loans and corporate issues involve securing loans with assets or issuing long-term debt securities, respectively.

Albee Construction Company,a Financially Strong Corporation That Builds Roads and Bridges,finances