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Explain what is meant by the following statement, "operating characteristics are non-optimizing."
Maturity Date
The specified date on a financial instrument at which the principal (or nominal) amount is due to be paid back in full.
Note Receivable
A note receivable is a written promise to receive a specific amount of money, plus interest if applicable, at a future date, serving as an asset on the balance sheet.
Maturity Date
The specified date on which the final payment of a loan, bond, or other financial instrument is due to be paid.
Note Receivable
A written promise that a customer will pay a fixed amount of money with interest by a certain date.
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