The certificate which evidences an unsecured corporate debt of short-term maturity
A)Certificate of Deposit
B)Commercial paper
C)Secured Premium Notes
D)Interbank participation Certificate

Question

Quizplus · Accepted Answer

Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories, and meeting short-term liabilities.

The Certificate Which Evidences an Unsecured Corporate Debt of Short-Term