________ is (are)an unsecured obligation issued by a corporation to finance its short-term credit needs.

Question

Quizplus · Accepted Answer

Commercial paper is an unsecured obligation issued by corporations to finance their short-term credit needs. It is usually issued for 270 days or less and is typically used to fund daily operations, such as payroll and inventory expenses. Commercial paper is a low-cost alternative to bank loans and is often bought by institutional investors such as money market funds. Choices B, C, and D are not related to the definition of commercial paper.

________ Is (Are)an Unsecured Obligation Issued by a Corporation to Finance