The flashcards below were created by user
kaylacody17
on FreezingBlue Flashcards.
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creditor
a person or organization to whom a liability is owed
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current liabilities
liabilities due within a short time, usually within a year
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date of a note
the day a note is signed
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dishonored note
a note that is not paid when due
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interest
an amount pair for the use of money for a period of time
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interest expense
the interest accrued on the money borrowed
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interest income
the interest earned on money loaned
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inerest rate of a note
the percentage of the principal that is paid for use of the money
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marker of a note
the person of business who signs a note and thus promises to make payment
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maturity date of a note
the date a note is due
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maturity value
the amount that is due on the maturity date of a note
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notes payable
promissory notes signed by a business and given to a creditor
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notes receivable
promissory notes that a business accepts from customers
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number of a note
the number assigned to identify a specific note
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payee of a note
the person or business to whom the amount of a note is payable
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principal of a note
the original amount of a note; sometimes referred to as face amount of the note
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promissory note
a written and signed promise to pay a sum of money at a specified time
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time of a note
the days, months, or years from the date of signing until a note is to be paid
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