Question

Issued by corporations, these unsecured debt instruments are used to fund corporate short-term financing requirements. If issued by a financially strong company, they have less risk.

Answer 1

commercial papers

Step-by-step explanation:

Commercial papers are usually used to finance short term cash needs, since they generally have a maturity date of less than 270 days. They are considered current liabilities by the issuing corporations. Commercial papers are basically corporate promissory notes or IOUs.