A Note Which Is Not Paid on the Maturity Date

question 74

Short Answer

A note which is not paid on the maturity date is said to be ______________.

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Definitions:

Deductible

The amount paid out of pocket by the policyholder before an insurance company pays a claim.

Insurance Premiums

The amount paid by an individual or business for insurance coverage, typically charged monthly or annually.

Deducted

The process of subtracting an amount from a total, especially from taxable income or expenses.

Insurance Premiums

Payments made regularly to an insurance company in exchange for coverage.