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Situation
Jake and Sally have dated for several months.They have talked briefly about marriage and more extensively about living together.They have a strong sexual attraction to each other and describe their relationship as passionate.Sally feels very lucky to have met someone like Jake and wants to spend all of their free time together.She is even willing to take up Jake's hobbies so that they can be together all of the time.Lately,Sally has developed an intense jealousy over Jake spending time with his friends from work.Jake cares for Sally but wants to maintain some degree of freedom.
-Sally's focus on spending all of her time with Jake probably stems from
Note Payable
A written agreement to pay a specific amount of money, plus interest, by a certain date or upon demand.
Discounted Note
A promissory note whose face value is reduced because it is sold or redeemable for less than its face value before its maturity date.
Maturity
The date on which a financial instrument (such as a bond, loan, or another form of debt) reaches its due date and the principal must be repaid.
Interest-bearing Note
A debt instrument that obligates the borrower to pay interest in addition to repaying the principal amount borrowed.
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