“It’s a different flavor of debt - corporate debt is namely debt owed to a bank or consortium, as opposed to a bond, which is debt owed to an individual bond-holder (and which is traded on the open market).”
Is this also different than corporate paper, which I understand to be intercompany or interbank loans made and settled daily for day-to-day operations.
Sorry, I was sick the day they taught us that in school.
Regards,