Select the term from the list below that matches each of the following six descriptions.
-The party that receives payment due from a note
A)Interest
B)Maturity value
C)Principal
D)Payee
E)Discounting
F)Term
G)Recourse
H)Implicit
I)Maker

Question

Quizplus · Accepted Answer

The payee is the party in a financial transaction who receives the payment. In the context of a note, the payee is the entity to whom the payment is due.

Select the Term from the List Below That Matches Each