Match the terms with the definitions.
-Transferring a note receivable to the bank for cash.
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

Question

Quizplus · Accepted Answer

Discounting a note receivable refers to the process of transferring a note receivable to the bank in exchange for cash before its maturity date.

Match the Terms with the Definitions