A bank may lend money to a corporation in exchange for the corporation's short-term promissory notes,which are called:

A) shares.
B) commercial paper.
C) debentures.
D) bonds.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories.

Promissory Notes

A monetary tool comprising a formal pledge from one party to compensate another party with a specified amount of money, either upon request or at a predetermined future time.

Short-Term

Relating to or occurring over a brief period of time, typically less than one year.