Examlex
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Promissory Note
A written promise to pay a specified amount of money on demand or at a definite time.
Current Liability
A company's debts or obligations that are due within one year or within the normal operating cycle, whichever is longer.
Operating Cycle
The duration it takes for a company to buy inventory, sell products, and collect cash from sales, showing the efficiency of its operations.
Interest-Bearing Note
A debt instrument that pays interest to the holder, usually at a fixed rate, until the principal is repaid.
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