B-07.09 Problem

B-07.09 Problem - Interest (6) Maturity (a) Stated amount...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
B-07.09 A "Note" is a written promise to pay a definite amount of money on a specific future date. Specific terminology is used to describe various attributes of a note. Match the following terms to their correct description. (1) Payee (2) Principal (3) Dishonor (4) Maker (5)
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Interest (6) Maturity (a) Stated amount of the note ` (b) Party to whom payment will be made (c) Party promising to make payment (d) Charge imposed on the borrower of funds for the use of money (e) Date the note will be due (f) Refusing to pay a note at maturity...
View Full Document

Ask a homework question - tutors are online