Examlex
_____ is defined as the mental process of classifying people into groups on the basis of common characteristics.
Payee
The party in a financial transaction who receives payment.
Note Receivable
A written promise that entitles the holder to receive a specified amount of money from another party at a future date.
Interest
A charge for borrowed money, generally a percentage of the amount borrowed.
Maturity Value
The total amount payable to an investor at the end of a fixed-income security's life, including both the principal and interest.
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