Notes Payable Flashcards
1
Q
Reasonable interest rate
A
?
2
Q
[Non-interest] Lumpsum
A
?
3
Q
[Noninterest] Installment
A
?
4
Q
[Noninterest] Installment in advance
A
?
5
Q
[Noninterest] Installment due at the start of each year
A
?
6
Q
[Noninterest] Semiannual Installments
A
?
7
Q
[Noninterest] Non-uniform installments
A
?
8
Q
Cash Price Equivalent
A
?
9
Q
[Unreasonable rate] Note with below-market rate of interest
A
?
10
Q
A
