Match the Terms with the Definitions

question 8

Multiple Choice

Match the terms with the definitions.
-A note on which no rate of interest is specified, although the note does include an interest component.

• A)term of the note
• B)accrued interest on notes receivable
• C)bank discount (note payable)
• D)bank discount (note receivable)
• E)contingent liability
• F)rate of interest
• G)discounting (note payable)
• H)payee
• I)notes receivable register
• J)non-interest-bearing note
• K)interest-bearing note

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Definitions:

Supreme Court

The highest judicial body in a country, typically with the ultimate authority to adjudicate legal disputes, interpret laws, and in some cases, review constitutional amendments.

Aadhaar

A unique 12-digit number provided by the Indian government to its residents, reflecting their demographic and biometric information.

Information Privacy

The right to determine when, and to what extent, personal information can be gathered by or communicated to others.

Information Privacy

The aspect of data protection that deals with the proper handling, processing, storage, and usage of personal information.