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 dishonored note is a promissory note that has not been paid by a debtor in a reasonable amount of time, causing the creditor to write off the recorded revenue as bad debt. With a promissory note, a ...