Notes receivable terminology A "Note" is a written promise to pay a definite amount of money on a specific future date. Explicit terminol- ogy is used to describe various attributes of a note. Match the following terms to their correct description. (1) Payee (2) Principal (3) Dishonor (4) Maker (5) Interest (6) Maturity (a) Stated amount of the note (b) Party to whom payment will be made (c) Party promising to make payment (d) Charge imposed on the borrower of funds for the use of money (e) Date the note will be due (f) Refusing to pay a note at maturity B-07.09