Commercial paper is unsecured short-term debt.

Name: Commercial paper is unsecured short-term debt.
Brand: Quizplus
Rating: 4.7 (49 reviews)

Question

Quizplus · Accepted Answer

Commercial paper is indeed unsecured short-term debt, typically with a maturity of 270 days or less, that companies use to meet short-term funding needs such as payroll or inventory expenses. Commercial paper is issued directly to investors by companies and is not backed by collateral.

Commercial Paper Is Unsecured Short-Term Debt