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Match the Terms with the Definitions

Question 62

Multiple Choice

Match the terms with the definitions.
-The person or business agreeing to make the payment on a note.


A) accrued interest on notes payable
B) time
C) proceeds (note receivable)
D) principal of the note
E) notes payable register
F) credit advice
G) maturity value
H) discounting a note receivable
I) dishonored
J) effective rate
K) promissory note
L) maker

Correct Answer:

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