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What is meant by a ‘Commercial Paper’

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asked Feb 2, 2018 in Business Studies by Rohit Singh (61,782 points) ● 35 ● 133 ● 354
What is meant by a ‘Commercial Paper’?

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answered Feb 2, 2018 by sameer (82,980 points) ● 5 ● 11 ● 37

It is a short term unsecured, negotiable promissory note with a fixed maturity period which is issued by
large and creditworthy companies to raise short term funds at lower rates of interest than the market rates.

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