Bank Discount on a Simple Discount Note Is Based on the Amount

question 2

True/False

Bank discount on a simple discount note is based on the amount a borrower receives and not what he or she pays back.

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Definitions:

Indexed

In databases, having a data structure that improves the speed of data retrieval operations on a database table at the cost of additional writes and storage space.

Property

In software and programming, attributes or characteristics assigned to objects or variables, defining their behavior or appearance.

Field

An area in a database designed to hold a specific piece of data, such as a name, date, or numeric value.

Wizard

A user interface that guides users through a step-by-step process to complete a task or configure a product or service.