Download the BYJU'S Exam Prep App for free IAS preparation videos & tests - Download the BYJU'S Exam Prep App for free IAS preparation videos & tests -
× DOWNLOAD NOW

Why is commercial paper unsecured?

Commercial paper is a short-term, unsecured debt instrument with a duration of 1 to 270 days. It is unsecured because it is not usually backed by any form of collateral. 

Further Readings – 

  1. Types of Cheque in Indian Banking System
  2. Chequebook Diplomacy
  3. Financial Market
Related Links
Types of Money Syllabus and Strategy for UPSC Economy
List of Committees & Their Purposes UPSC Mains General Studies Paper-3 Strategy, Syllabus & Structure
National Payments Corporation of India (NPCI)  UPSC Mains Economy Questions
IAS QUESTIONS Related Links
Qualitative Tools Of Monetary Policy Which State Has Highest Population In India
Who Are Bureaucrats Where Are The Northern Plains Located
Doctrine Of Repugnancy What Is Sales Budget
Article 157 Sources Of Tax Revenue
INVITS In India Savanna Climate

Comments

Leave a Comment

Your Mobile number and Email id will not be published.

*

*