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In the mid-nineteenth century, what did many slaveowners such as John Calhoun say about the Declaration of Independence?
Optional Payment
A payment made by choice as opposed to requirement, often seen in loan agreements where the borrower may pay more than the minimum due.
Maturity Date
the specific date on which a financial instrument, such as a loan or bond, reaches its expiration and the principal is due to be repaid.
Promissory Note
A financial instrument containing a written promise by one party to pay another a definite sum of money either on demand or at a specified future date.
Negotiable
Capable of being transferred or assigned from one party to another, often used in the context of financial instruments.
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