Investments & Financial Planning

What is Commercial Paper ?

Answer:

Commercial paper is a short term unsecured promissory note issued by a corporation that has a very high credit rating. The yield usually is more than that paid on U.S. Treasury issues and similar to those available on negotiable CD's with similar maturities. The commercial paper notes are usually issued in multiples of $100,000. The commercial paper notes usually have maturities from 3 to 270 days.
CPAdirectory
Answer Provided by: CPAdirectory

Share This Answer

Looking For More?

View all Investments & Financial Planning Questions

View More Questions