Asked by Johana Madrid on May 07, 2024
Verified
The time between the date a note is issued and the due date of the note
A) Face amount
B) Term
C) Interest
D) Maturity value
E) Dishonored note
F) Maker
G) Notes receivable
H) Interest rate
Term
A fixed or limited period for which something, such as an agreement or investment, lasts or is intended to last.
Due Date
The date by which an obligation, such as a payment or submission, is required to be fulfilled.
Note Issued
A written promise to pay a specified amount of money, often with interest, at a future date.
- Comprehend the management of notes receivable, encompassing the computation and acknowledgment of interest.
Verified Answer
RO
Redelyn OrozcoMay 12, 2024
Final Answer :
B
Explanation :
Term refers to the time between the date a note is issued and the due date of the note.
Learning Objectives
- Comprehend the management of notes receivable, encompassing the computation and acknowledgment of interest.
Related questions
Harper Company Lends Hewell Company $40,000 on March 1, Accepting \quad\quad\quad ...
The Party Promising to Pay a Note ...
The Amount Charged for Using the Money of Another Party ...
A Company Borrowed $16,000 by Signing a 4-Month Promissory Note ...
The Formula for Computing Interest on a Note Is: Principal ...