Which of the Following Is the Term Used to Describe

question 80

Multiple Choice

Which of the following is the term used to describe short-term, unsecured debt issued by large corporations, usually in denominations greater than $100,000 or more?

• A) certificates of deposit
• B) repurchase agreements
• C) banker's acceptances
• D) commercial paper

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Definitions:

Negotiable

Capable of being transferred or converted into goods, services, or money under terms agreeable to the involved parties.

Payable To Order

A clause on a financial document that specifies who can receive the payment, allowing the initial payee to endorse it over to another party.

Payable To Bearer

Payable to bearer describes a financial instrument, such as a check or bond, that is payable to the holder or presenter of the document, rather than a specific individual.

Issued

Pertains to the official distribution or release of something, such as a document, currency, or product.