A Discounted Unsecured Security Issued by Large and Exceptionally Financially Sound Firms and Sold to Other Sophisticated Businesses. Answer Revealed
A Discounted Unsecured Security Issued by Large and Exceptionally Financially Sound Firms and Sold to Other Sophisticated Businesses. The correct answer is commerical paper.
by Niranjani
Updated Oct 20, 2023
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A Discounted Unsecured Security Issued by Large and Exceptionally Financially Sound Firms and Sold to Other Sophisticated Businesses
The correct answer is commerical paper.
Commercial paper is like an IOU note, but it's not backed by any collateral or assets. It's used by big banks and companies to cover their short-term bills or expenses, like paying for a new project. It comes with a set interest rate, which is the extra money you get when you lend it to them for a short period.
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A Discounted Unsecured Security Issued by Large and Exceptionally Financially Sound Firms and Sold to Other Sophisticated Businesses - FAQ
1. A Discounted Unsecured Security Issued by Large and Exceptionally Financially Sound Firms and Sold to Other Sophisticated Businesses
The answer is commerical paper.
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