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Case EX 6-2 Harry has inserted a picture into his Excel worksheet and wants to make some adjustments. Harry also wants to change the picture's shape and border. He accesses the Format contextual tab and uses the tools in the ____ group to change the shape and color.
Pledging Accounts Receivable
The use of accounts receivable as collateral to secure a loan, without transferring the title.
Promissory Note
A financial instrument where one party (the issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.
Maturity
The date on which a financial obligation, such as a bond or loan, is due to be fully repaid.
Receivable
An amount owed to a business, typically by customers, that is expected to be paid within a short duration.
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