Asked by Carlos Trejo on May 05, 2024

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The time between the date a note is issued and the due date of the note
A)Face amount
B)Term
C)Interest
D)Maturity value
E)Dishonored note
F)Maker
G)Notes receivable
H)Interest rate

Term

In finance, it refers to the period of time until a loan matures; in a broader sense, it can describe any specific duration or the definition of a concept or agreement.

  • Gain insight into the idea and formulae for calculating interest, maturity value, and related terms applicable to notes receivable.
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SK
Samantha KuilanMay 06, 2024
Final Answer :
b