One of the differences between notes payable and bonds payable is that most notes are payable in a series of periodic payments, while bonds are normally repayable in full at maturity.

Question

Quizplus · Accepted Answer

Notes payable often involve periodic payments that include both principal and interest, whereas bonds payable typically pay interest periodically and repay the principal in a lump sum at maturity.

One of the Differences Between Notes Payable and Bonds Payable