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In the "mailing procedure," devised by Mitchell and Lacohee (1991) , children:
Interest
The cost of borrowing money, expressed as a percentage of the total amount loaned, or the income earned on invested capital.
Note Receivable
A written promise that requires another party to pay the holder a specific sum of money on a specified date or on demand.
Interest
The cost of borrowing money or the return on investment for the lender, expressed as a percentage of the principal.
Note Receivable
A written promise for amounts to be received by one party from another, typically including the terms for repayment.
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