The Face Amount of a Note That Is Promised to Be

question 55

Multiple Choice

The face amount of a note that is promised to be paid at maturity is called the

• A) rate of interest.
• B) principal of the note.
• C) time of the note.
• D) discount of the note.

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Definitions:

B.C. Supreme Court

The superior trial court for the province of British Columbia, Canada, that hears civil and criminal law cases.

Federal Court

A court system at the national level that has jurisdiction over legal disputes that involve federal laws, the constitution, or disputes between states or between the U.S. government and foreign governments.

Balance of Probabilities

A standard of proof in civil trials requiring that a case is more likely to be true than not, essentially over 50% likelihood.

Criminal Matter

A legal issue or case involving violations of public law and the commission of acts that are prohibited and punishable by the state.