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Question
my question is related to CPs(commercial papers).it is said that the repayment of CP is assured as the issuer can automatically draw on the cash credit limit in case there is no roll-over.please explain the statement.

also what is a 'usuance promissory note'.
i would be highly obliged.

Answer
I believe this is a homework question. Even though I do not do homework questions, I have a question for you: what about the roll over risk of cp? Also, do you mean "usance" promissory note? There is no such thing as "usuance" promissory notes.  Good luck.

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