Business, 11.02.2021 21:40 jairopanda8
Match each of the following terms A through F with the appropriate definitions 1 through 6.
A. Maker of a note
B. Interest
C. Promissory note
D. Payee of a note
E. Principal of a note
F. Dishonoring a note
1. A written promise to pay a specified amount either on demand or at a definite future date.
2. The cost of borrowing money for a borrower, alternatively the profit from, lending money for a lender.
3. One who signs a note and promises to pay it at maturity.
4. The one to whom the promissory note is made payable.
5. Refers to a note maker's inability or refusal to pay the note at maturity.
6. The amount that the signer of a note agrees to pay back when the note matures, not including interest. Defining promissory notes.
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Match each of the following terms A through F with the appropriate definitions 1 through 6.
A. Make...
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