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Once wariness of strangers develops after 6 months,
Dishonored Note
A promissory note that has not been paid by the maker at its maturity date.
Interest Calculation
The process of determining the amount of interest earned or paid over a period of time on investments or loans.
Direct Write-Off Method
A method of accounting for bad debts that writes off an outstanding account receivable as a bad debt expense only when it becomes evident the debt is uncollectible.
Reinstatement
The process of restoring a previous condition or position, such as reinstating a lapsed insurance policy or an employee's job position.
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