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Today in Zambia, the economy is in serious trouble, and even the tourist industry has suffered. However, there are several plans to develop self-sustaining big game parks where tourists could go and see indigenous plants and wildlife. This is an example of:
Default
Failure of maker to pay the maturity value of a note when due.
Account Receivable
Debts incurred by customers for receiving goods or services from a business, which remain unpaid.
Note Receivable
A written promise for amounts to be received, typically including interest, by one party from another.
Liability
An obligation or debt that arises during the course of business operations, which the company is responsible to repay.
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