Examlex
_____ is often cited as an example of the new Internet philosophy that the future of the Web is in companies that encourage user sharing and collaboration.
Note Receivable
A written promise that one party will pay another party a specified sum of money, either on demand or at a set future date.
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.
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