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Match each of the following terms A through F with the appropriate definitions 1 through 6. A. Maker of a note B. Interest C. Promissory

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Match each of the following terms A through F with the appropriate definitions 1 through 6. A. Maker of a note B. Interest C. Promissory note D. Payee of a note E. Principal of a note F. Dishonoring a note _____ 1. A written promise to pay a specified amount either on demand or at a definite future date. _____ 2. The cost of borrowing money for a borrower, alternatively the profit from, lending money for a lender. _____ 3. One who signs a note and promises to pay it at maturity. _____ 4. The one to whom the promissory note is made payable. _____ 5. Refers to a note maker's inability or refusal to pay the note at maturity. _____ 6. The amount that the signer of a note agrees to pay back when the note matures, not including interest. Defining promissory notes. L01 L03

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