Ch. 11 Structure of Promissory Notes, Discounting Interest Bearing Notes
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Created by Brooke Young
over 3 years ago
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Created by Brooke Young
over 3 years ago
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Promissory Note
Payee
Maker
Maturity date
Interest bearing note
Face value
Non-interest bearing note
Maturity value (MV)
Simple note discount
Bank discount
Bank discount rate
Proceeds
Effective Rate
Treasury bill
Contingent liability
Discounting a note
Bank discount
Proceeds
Discount period
