When a Business Is Holding a Note Receivable and Wishes

question 61

True/False

When a business is holding a note receivable and wishes to collect cash prior to the maturity date of the note,the business may sell the note to a bank or a financial broker.This process is called discounting a note.

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Definitions:

Conditioning

A learning process in which an individual's behavior becomes dependent on the occurrence of a stimulus in its environment, often used to explain behaviorist psychological theories.

Reconditioning

A process of unlearning negative behaviors and reactions and replacing them with positive ones through various therapeutic techniques.

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, elicits a conditioned response.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without prior conditioning.