A. unsecured notes
B. debt paper
C. term paper
D. commercial paper
✅ The correct answer is option D.
Promissory notes issued by company for short term fund raising and are unsecured are classified as commercial paper. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities.
Promissory notes issued by company for short term fund raising and are unsecured are classified as commercial paper. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities.