What is Commercial Paper?
crisis and
I have no idea what it means.
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M$2 Answers
According to Bond Exchange, Commercial Paper is "short-term unsecured promissory notes issued by a corporation"
According to fund.ci.com, Commercial Paper is "short-term debt securities issued by corporations, banks, and other borrowers"
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M$
Thank you for your question.
According to Wikipedia, " commercial paper is an unsecured promissory note with a fixed maturity of one to 270 days".
http://en.wikipedia.org/wiki/Commercial_paper
It is normally used as a way of paying off short-term debts.
http://www.answers.com/commercial%20paper
Regards
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M$
Both answers are correct but this one is significantly more correct.