| A | B |
|---|
| Promissory Note | A written and signed promise to pay a sum of money at a specified time. |
| Notes Payable | A promissory note signed by a business and given to a creditor. |
| Date Of A Note | The day a note is issued. |
| Principal Of A Note | The original amount of a note. |
| Maturity Date Of A Note | The date a note is due. |
| Interest | An amount paid for the use of money for a period of time. |
| Interest Rate Of A Note | The percentage of the principal that is paid for the use of the money. |
| Interest Expense | The interest accrued on money borrowed. |
| Maturity Value | The amount that is due on the maturity date of a note. |
| Prepaid Expenses | Expenses paid in one fiscal period but not reported as expenses until a later fiscal period. |
| Reversing Entry | An entry made at the beginning of one fiscal period to reverse an adjusting entry made in the previous fiscal period. |
| Accrued Expenses | Expenses incurred in one fiscal period but not paid until a later fiscal period. |
| Lose a Turn! | Lose a Turn! |
