Which is NOT a Debt Security: Convertible Bonds, Commercial Paper, or Loans Receivable?

Loans receivable is not a debt security.

Debt securities are financial instruments that represent a creditor relationship between the issuer and the investor. They typically involve an obligation to repay a principal amount at a future date and pay periodic interest.

Convertible bonds and commercial paper are both examples of debt securities. Convertible bonds are bonds that can be converted into a specified number of common shares of the issuer, while commercial paper is a short-term debt instrument typically issued by corporations to finance their short-term funding needs.

Loans receivable, on the other hand, are loans made by the company to borrowers and represent an asset on the company's balance sheet rather than a security issued by the company.

Therefore, the correct answer is 'Loans receivable'.