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Compensation is allowed for injuries caused by a co-employee.
Non-Interest-Bearing Note
A promissory note that does not accrue interest over time, meaning the borrower only repays the principal amount.
Note Payable
A written promise to pay a specified amount of money, usually with interest, at a future date, classified as a liability on the balance sheet.
Cash
Money in the form of currency that can include bank notes and coins, available for transactions and investments.
Present Value
The value, as of now, of a forthcoming amount of money or cash flows over time, determined using a designated rate of return.
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