The Length of Time a Note Is Outstanding (That Is,the

question 139

Short Answer

The length of time a note is outstanding (that is,the period of time between the date it is issued and the date it matures)is called the __________.

---

Definitions:

Partnership

A business structure where two or more individuals share ownership, as well as the profits or losses of the business.

Capital Balances

The amount of money or value of assets that a company or an individual has invested in a business.

Net Income

The profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenues.

Time Devoted

The amount of time that is spent on a particular activity or task.