Common receivables terms TERMS: 1. Account receivable 2. Promissory note 3. Borrower 4. Note receivable 5. Maturity

Question:

Common receivables terms
TERMS:
1. Account receivable
2. Promissory note
3. Borrower
4. Note receivable
5. date
6. Creditor
DEFINITIONS:
A. Transaction results in a liability for this party
B. Transaction results in a receivable for this party
C. The debtor promises to pay the creditor a definite sum at a future date usually with interest
D. Amounts to be collected from customers from sales made on credit
E. Serves as evidence of the indebtedness and includes the terms of the debt
F. The date a note is due to be paid in full
Requirement
1. Match the terms with their correct definition.

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...