Examlex
As you are walking out of class one night,you discover a notebook,full of equations,belonging to a professor in your school.You write a note telling him who you are and where and when you found it,and you drop the note in an envelope,into one of the university's internal mail boxes.The next day the campus is covered with notices which say "$100 REWARD.A notebook containing mathematical explanation of the meaning of life has been lost.If found,please return to Professor Doddering in Room A123."
Notes Receivable
A financial asset representing amounts owed to the company by others, documented by formal agreements with repayment dates and interest.
Accounts Receivable
Liabilities of customers towards a business for availing themselves of or receiving products or services not yet paid for.
Promissory Note
A promissory note is a financial instrument in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand.
Key Parties
Critical or main individuals or groups involved in an event, decision, or transaction.
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