is commercial paper a type of debt 
yes commercial paper is short term unsecured debt issued by institutions who want to raise capital needed for a short amount of time it s an alternative to having to go through the effort and cost involved in getting a business loan who are the primary buyers of commercial paper due to the large minimum denominations usually 100 000 or more large institutions comprise the main buyers of commercial paper according to the sec these include investment companies retirement accounts state and local governments financial and non financial firms 2