Describe a Database, and Explain Its Role in an Information

question 54

Essay

Describe a database, and explain its role in an information system.

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Definitions:

Mortgage Payable

A long-term liability reflecting the amount of money borrowed to purchase property, to be repaid over a set period with interest.

Specific Property

A clearly identified piece of property, which can be real or personal, distinguished from all other properties.

Interest-Bearing Notes

Written promises to pay a specified sum of money, plus interest, on a certain date to the holder of the note.

Large Denominations

Refers to currency or securities of a high face value.