Examlex
Which of the following statements is not true?
Interest Due
The amount of interest that has accumulated on borrowed funds or investments that is payable to the lender or investor.
Dishonoured Note
A promissory note that has not been paid by the maker or acceptor when due, leading to a default.
Maturity Date
The specified date on a financial instrument when the principal amount must be repaid or when an investment reaches its full value and can be redeemed.
Negotiable Instrument
A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.
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