The party promising to pay a note at maturity is the maker.

Maker

An entity or individual who creates or produces something, often used in contexts such as product manufacturing or software development.

Maturity

The date on which a financial obligation, such as a bond or loan, is due to be paid in full.

Understand the calculation and recording of the maturity value of notes receivable.

Verified Answer

Final Answer :

True

Explanation :

The maker is the person or entity that makes the promise to pay the note at maturity.

Learning Objectives

Understand the calculation and recording of the maturity value of notes receivable.