Companies often extend credit to other businesses in the form of a note, or a short-term loan. Most notes pay a stated rate of interest, resulting in interest revenue that the lender must record at ...

Notes receivable refers to legal instrument claims for which credit has been issued as evidence of debt, such as with a promissory note. Credit instruments usually require debtors to pay interest and ...

A promissory note is a note issued against short- or long-term borrowing. The borrower, or maker, signs a note promising to pay the lender an agreed sum plus interest on a certain date, for value ...