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When a 2-day-old infant consistently shows a visual preference for a bull's-eye pattern over a checkerboard pattern, we know that the infant:
Notes Payable
A written agreement where the borrower promises to pay back a certain amount of money, under specific terms, to the lender at a future date.
Unamortized Discount
The portion of a bond's issue price that is below its face value and has not yet been amortized over the life of the bond.
Unamortized Premium
The portion of a bond premium that has not yet been amortized or gradually written off over the life of the bond.
Installment Note
A debt instrument that requires a series of periodic payments (installments) of principal and interest over a specific period until the debt is paid off.
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