As we know Commercial Paper is a written instrument or document such as a check, draft, promissory note, or a certificate of deposit, that manifests
As we know Commercial Paper is a written instrument or document such as a check, draft, promissory note, or a certificate of deposit, that manifests the pledge or duty of one individual to pay money to another. In a nutshell they are unsecured IOU’s (I owe you).
So how might a firm use the issuance of commercial paper as a way to deal with its seasonal fluctuations in sales?
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