If a company borrows from another company rather than from a bank,the note is referred to as commercial paper.

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This is true. Commercial paper refers to short-term promissory notes issued by corporations, typically with maturities of less than 270 days, and are often issued to finance their immediate needs such as payroll and inventory. It is a way for companies to borrow directly from other companies instead of going through a bank.

If a Company Borrows from Another Company Rather Than from a Bank,the