Commercial paper represents long-term debt obligations created to finance the purchase of commercial property.

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Commercial paper is actually a short-term debt obligation created by corporations to raise funds for short-term financing needs such as meeting payroll, purchasing inventory, or covering accounts receivable. It usually has maturities of less than 270 days and is often marketed directly to buyers by the issuing company or through dealers. It is not related to purchasing commercial property.

Commercial Paper Represents Long-Term Debt Obligations Created to Finance the Purchase