Examlex
During engine operation, the crankshaft position sensor identifies crankshaft position and:
Note Receivable
A note receivable is an amount of money owed to a business or individual that is evidenced by a written promissory note specifying the terms of payment.
Interest Due
Interest due refers to the amount of interest payment that is owed but not yet paid by a borrower to a lender by the due date.
Dishonoring a Note
The failure to pay a promissory note when due, which can result in legal action and damage to the borrower's creditworthiness.
Promissory Note
A finance-related instrument embodying a guarantee by one party to pay a certain party a designated sum of money, redeemable upon demand or on a specific forthcoming date.
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