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 ...

A bond is a type of debt issued by a company or a government agency to raise money. The person who buys a bond pays the fair market value for the bond in exchange for a guaranteed amount when the bond ...

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 ...