| AB |
The day a note is signed is called the _______.
You are watching: The amount of the promissory note plus the interest earned on the due date is called the
issue date |
| The ________ of accountancy requires that amounts be reported on the gaue won statements in a way that is the very least likely to overstate earnings or assets. | conservatism principle |
| The ______ is the principal plus the interest that must be paid once the keep in mind becomes due. | maturity value |
| A(n) ________ is a jae won document, such together a check, that transfers property from one human being to another. | negotiable instrument |
| The length of time in between the issue date the a note and the day the keep in mind becomes early out is referred to as its ________. | term |
| A(n) _______ is a financial institution charge do on the endorser for a discounted note that is dishonored. | protest fee |
| The due date or the day on i beg your pardon a note need to be payment is that ________. | maturity date |
| _______ is the amount composed on the prior of a note. | face value |
| A written agreement to salary a details sum of money on demand or top top a specific date is called a(n) ______. | promissory note |
| The ________ is the amount of interest expressed as a portion of the principal. | interest rate |
| The _____ is the quantity of money gift borrowed. | principal |
| With the ________, revenue is report in the duration when it is earned and expenses space reported in the period in i beg your pardon they are incurred. | accrual basis of accounting |
| The human being or service promising come repay the principal and also interest is referred to as the ________ of the note. | maker |
| A promissory note welcomed by a human or organization is referred to as a(n) _______. | note receivable |
| ____ is revenue that has been earned yet not however received. | accrued revenue |
| The person or business to who a note is payable is called the _______. | payee |
| A(n) _______ is an bespeak by one party come a second party to salary a particular sum the money to a 3rd party. | draft |
| _______ is a fee charged for the usage of money. | interest |
| If a business or person stops working to pay or renew a note when it i do not care due, the keep in mind is referred to as a(n) _______. | dishonored note |
| A(n) ____ is special type of draft that outcomes from the revenue of merchandise; the is accounted for together a note receivable. | trade acceptance |
| Notes the a company sells come the financial institution for cash fairly than hold them until they become due are referred to as _________. | discounted notes receivable |
| The ________ is the interest fee the bank deducts in breakthrough for a note. | bank discount |
| The ______ is the quantity of cash in reality received once a organization discounts a keep in mind receivable. | proceeds |
| The variety of days between the date a note is offered to the bank and the day the keep in mind becomes early out is the ________. | discount period |
A(n) ______ is the duty assumed by the endorser to pay a discounted keep in mind at maturity if the machine does not.
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| contingent liability |
| A keep in mind that needs the primary plus attention to it is in repaid at maturity is dubbed a(n) ________. | interest-bearing note |
