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The precautionary demand for money:
Notes Payable
A financial liability on a company's balance sheet representing promissory notes that require future payments of principal and possibly interest.
Maturity Value
The amount due to the owner of a financial instrument at its maturity date, including principal and interest.
Default
Failure of maker to pay the maturity value of a note when due.
Account Receivable
Debts incurred by customers for receiving goods or services from a business, which remain unpaid.
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