Examlex
You decide that it would be best to ask your teacher for an extension on your research project in private in his campus office, on a day when he seems to be in an exceptionally good mood. This is an example of the use of _____ in communication.
Promissory Note
A financial instrument in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand of the payee, under specific terms.
Accounts Receivable
Funds that customers owe to a business for products or services already provided but not yet compensated for.
Maker
The entity that issues or creates a promissory note and agrees to pay the note's amount to a specified party.
Allowance for Doubtful Accounts
A contra-asset account on a company's balance sheet that represents the amount of receivables the company expects may not be collected due to customer defaults.
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