Key Terms for Chapter 11: Promissory Note, Simple Discount Notes, and The Discount Process
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Bank Discount
Bank Discount Rate
Contingent Liability
Discount Period
Discounting a Note
Effective Rate
Face Value
Interest-Bearing Note
Maker
Maturity Date
Maturity Value (MV)
Non-Interest Bearing Note
Payee
Proceeds
Promissory Note
Simple Discount Note
Treasury Bill
