________ is a short-term promissory note sold by large corporations to raise cash.

Name: ________ is a short-term promissory note sold by large corporations to raise cash.
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Question

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Commercial paper is a short-term debt instrument issued by large corporations to raise short-term cash. It usually has a maturity date of less than 270 days and is sold at a discount to the face value. It is a common way for corporations to raise funds for their short-term operational needs.

________ Is a Short-Term Promissory Note Sold by Large Corporations