Commercial paper

Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories and meeting short-term liabilities. Maturities on commercial paper range from 1 to 270 days. . Commercial paper is the largest component of the U.S. money market, and is a common investment vehicle found in U.S. money market funds. Commercial paper is not unique to the U.S. market, as it is issued in many national money markets.