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Interest-Bearing Note
A debt instrument that pays interest to the holder, usually at a fixed rate, until the principal is repaid.
Face Value
The nominal or original value printed on a financial instrument, such as a bond or stock certificate.
Notes Payable
Notes payable are written agreements where a borrower agrees to pay back the principal amount along with interest to a lender at a future date.
Accrued Interest
Accrued Interest is the interest that has accumulated on a bond or loan since the last interest payment date but has not yet been paid.
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