Short-term notes sold directly to investors by large,highly rated companies are called

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Short-term notes sold directly to investors by large, highly rated companies are commonly known as commercial paper. Commercial paper is an unsecured, short-term debt instrument that matures in typically less than 270 days. Large companies use commercial paper to fund short-term operational needs such as inventory, payroll, and accounts payable.

Short-Term Notes Sold Directly to Investors by Large,highly Rated Companies