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The preliminary prospectus contains only an estimate price range of the offering price, whereas the final prospectus contains a final offering price.

Commercial paper is a common form of unsecured, short-term debt issued by a corporation. Commercial paper is typically issued for the financing of payroll, accounts payable, inventories, and meeting other short-term liabilities. Maturities on most commercial paper ranges from a few weeks to months.

In India, commercial paper is a short-term unsecured promissory note issued by the Primary Dealers (PDs) and the All-India Financial Institutions (FIs) for a short period of 90 days to 364 days.

Commercial paper is a short-term, unsecured debt instrument with a duration of 1-270 days. Financial institutions and large corporations are the main issuers of commercial paper because they have high credit ratings.

Key Takeaways Commercial paper is a form of unsecured, short-term debt. It's commonly issued by companies to finance their payrolls, payables, inventories, and other short-term liabilities. Maturities on commercial paper range from one to 270 days, with an average of around 30 days.

Commercial paper (CP) consists of short-term, promissory notes issued primarily by corporations. Maturities range up to 270 days but average about 30 days. Many companies use CP to raise cash needed for current transactions, and many find it to be a lower-cost alternative to bank loans.