Even if your business doesn't center around banking, it may involve a loan occasionally. Suppose you're a metal company, and a customer wants to buy tungsten now and pay later. You sell $5,000 worth ...
A note is a form of debt. If the note is due within a year, it's a short-term debt; otherwise, it's classified as long term. If you lend money in the form of a note, you usually have the debtor sign a ...
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