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Commercial Paper
Short-term unsecured corporate debt, usually <270 days
Definition
Commercial paper is short-term, unsecured debt issued by corporations to finance immediate needs. It typically matures in 1-270 days and is sold at a discount to face value. Only highly rated companies can issue commercial paper.
Related Topics
#short-term debt
#unsecured
#corporate finance
#money market
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Category: Fundamental
Fundamental analysis examines a company's financial health, management quality, and market position to determine intrinsic value.
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