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

Issuing unsecured short-term debt is a characteristic of commercial paper, which is a type of short-term borrowing by corporations. A) Revolving credit involves drawing and repaying funds over a period of time, B) Collateralized loans are loans that are backed by collateral, and D) Corporate issues refer to bonds or stock issued by a corporation.

Albee Construction Company, a Financially Strong Corporation That Builds Roads