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Definition: A industrial paper (CP) can be seen as an unsecured, quick-term and negotiable cash market instrument. It’s issued by the companies with good credit rating to amass fast working capital to meet papercp reviews its quick-term liabilities like paying off bills or maintaining inventory. The issuing firm guarantees to repay the borrowed sum on or before the talked about maturity date with a selected return or interest to the investor.

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A cheque is that industrial paper which holds an unconditional order duly signed by the checking account holder to pay on demand to or to the order of the instrument bearer, the talked about sum, on or after the specified papercp reviews date. The various kinds of cheques embody self, put up-dated, crossed, bearer, open, order and traveller’s cheques.

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