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How would you react if your young daughter insisted she was a boy and asked to go to school in boys' clothes? Would you mention the possibility of sex-reassignment surgery?
Accounts Receivable Assigned
A financing arrangement where a company uses its receivables as collateral to secure a loan.
Note Payable
A written promise to pay a specific sum of money on a certain date or upon demand to the bearer or order.
Discounted Notes
Notes or bonds sold for less than their face value in order to reflect current market interest rates or the issuer's credit risk.
Contra-Asset Account
An account on a company's balance sheet that offsets or reduces the value of an associated asset account.
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