A promissory note comes due on the:
A)discount date.
B)maturity date.
C)interest note.
D)issue date.

Question

Quizplus · Accepted Answer

A promissory note is a written promise by one party to pay another party a specific amount of money on a specified date. This specified date is referred to as the maturity date, and is the date on which the promissory note comes due, and the party who issued the note must pay the holder of the note the agreed-upon amount. Therefore, the correct answer is B) maturity date.

A Promissory Note Comes Due on The