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What is a commercial paper? - Business Studies

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प्रश्न

What is commercial paper?

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उत्तर

Commercial paper is a credit instrument used by creditworthy firms to obtain short-term finance for their business. These are unsecured promissory notes, the maturity of which ranges from 90 to 364 days. They are generally issued to business firms, banks, insurance companies and pension funds, and their issue is regulated by the Reserve Bank of India.

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Meaning and Nature of Business Finance
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अध्याय 8: Sources of Business Finance - Long Answers [पृष्ठ २०५]

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एनसीईआरटी Business Studies [English] Class 11
अध्याय 8 Sources of Business Finance
Long Answers | Q 6.1 | पृष्ठ २०५
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