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Ilyoung Jeong
on Nov 27, 2024

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Because negotiable instruments were originally paper documents, they are sometimes referred to as a commercial paper.

Negotiable Instruments

Negotiable instruments are financial documents that promise payment to the holder and are freely transferable, such as checks, promissory notes, and bills of exchange.

Commercial Paper

An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories, and meeting short-term liabilities.

Paper Documents

Physical documents that contain written or printed information, as opposed to digital or electronic formats.

  • Clarify the role and mechanism of commercial paper in financial operations.
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DA
Danielle AdamsDec 01, 2024
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