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Term of the Day
notes payable
note rate
accommodation endorsement
Definition
An
unconditional
promise made by a
party
in a
contract
to
repay
a
debt
at a specified time or
on demand
under definite
terms
. Or, this can be an
amount
an
organization
owes
in
loans
to others.
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Popular 'Accounting' Terms
current ratio
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accommodation endorsement
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