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Optometrists, who help patients with their vision problems, know that certain types of repetitive use of the muscles around the lens of the eye can ʺtrainʺ the lens to become flatter than normal. This often occurs in truck drivers, sailors, and other people who focus on the horizon or at great distances for long periods of time. What would be the consequence of this on the eye over a long time period?
Discounted Note
A debt instrument sold for less than its face value that will pay the face value at maturity, effectively providing interest to the holder.
Notes Receivable
Financial assets representing amounts owed to a company, promised to be paid back with interest.
Accounts Receivable Assigned
A financing arrangement where a company uses its receivables as collateral to secure a loan.
Note Payable
A written promise to pay a specific sum of money on a certain date or upon demand to the bearer or order.
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