Final answer:
A short-term promissory note with no collateral that is issued by a large corporation is known as commercial paper. Commercial paper allows large corporations to borrow money from investors for a fixed period, usually less than a year.
Step-by-step explanation:
A short-term promissory note with no collateral that is issued by a large corporation is known as commercial paper. Commercial paper is a type of unsecured debt that allows corporations to raise short-term funds by borrowing money from investors for a fixed period, usually less than a year. Since commercial paper is not backed by collateral, it typically offers higher interest rates than secured loans.