If a Bank Discounts a Note,then the Borrower Needs to Only

question 153

True/False

If a bank discounts a note,then the borrower needs to only pay the cash received and not the face value of the note.

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Definitions:

Stockholders

Individuals or entities that own shares in a corporation, giving them ownership interest.

Creditors

Individuals or institutions that lend money or extend credit, and are thus owed repayment by the borrower or debtor.

Just-In-Time Inventory

An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.

Inventory Levels

A measure of the quantity of goods and materials on hand in a business at any given time.