Match the Terms with the Definitions

Multiple Choice

Match the terms with the definitions.
-The rate at which interest is charged, usually expressed as an annual percentage, but in some cases a monthly rate is quoted.

A) term of the note
B) accrued interest on notes receivable
C) bank discount (note payable)
D) bank discount (note receivable)
E) contingent liability
F) rate of interest
G) discounting (note payable)
H) payee
I) notes receivable register
J) non-interest-bearing note
K) interest-bearing note