Multiple Choice Questions on The short term promissory notes are unsecured and not collateralized against securities hence it is ........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

The short term promissory notes are unsecured and not collateralized against securities hence it is ...........

Finance (Phase -I & II) Valuation of Securities
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    The short term promissory notes are unsecured and not collateralized against securities, hence it is classified as:

     

    Notes Payable
     

    Incorrect Answer

    Notes Receivables
     

    Incorrect Answer

    Commercial Papers
     

    Correct Answer

    Commercial notes
     

    Incorrect Answer
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    Explanation:

    Commercial paper is a short term debt instrument issued by companies to raise funds generally for a time period upto one year. It is a money market instrument. It is a unsecured, short term debt instrument issued by corporations.

    By: Vikas Goyal
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