Select the term from the list below that matches each of the following six descriptions.
-The sale of a note
A)Interest
B)Maturity value
C)Principal
D)Payee
E)Discounting
F)Term
G)Recourse
H)Implicit
I)Maker

Question

Quizplus · Accepted Answer

Discounting is the term used to describe the sale of a note before its maturity date, typically at a price lower than its face value to account for interest.

Select the Term from the List Below That Matches Each