Match the Terms with the Definitions

Multiple Choice

Match the terms with the definitions.
-An interest fee that the bank charges for the time between the date of discounting and the due date of the note.

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