Which financial security is known as one-name paper?
A) Bank bills
B) CDs
C) Promissory notes
D) Unsecured notes

Name: Which financial security is known as one-name paper? A) Bank bills B) CDs C) Promissory notes D) Unsecured notes
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Question

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Promissory notes are known as one-name paper because they are only backed by the promise of the issuer to repay the holder. Bank bills, CDs, and unsecured notes may have additional security or collateral, such as a bank's assets or a company's inventory.

Which Financial Security Is Known as One-Name Paper