Examlex
All of the following sentences are correct except ____
Accrued Interest
Interest that has been incurred but not yet paid.
Year-End
The end of a fiscal year or calendar year, a significant reporting and assessment time for businesses and individuals for accounting and tax purposes.
Dishonored Note
A promissory note that has not been paid by the maker at maturity, resulting in a default.
Collection Efforts
Activities undertaken by a business or organization to pursue and receive payments owed by customers or clients.
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