A shortterm unsecured promissory note issued by a company is

A short-term unsecured promissory note issued by a company is a. negotiable CD. b. commercial paper. c. repurchase agreement. d. banker\'s acceptance. e. T-Bills.

Solution

b. commercial paper

Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories and meeting short-term liabilities. Maturities on commercial paper rarely range any longer than 270 days