"Glencoe Accounting: Real-World Applications & Connections," Vocabulary from Chapter 26

This list focuses on notes payable and receivable (Unit 5, Chapter 26).

Here are links to all the chapters of Unit 5, Accounting for Special Procedures: Chapter 22, Chapter 23, Chapter 24, Chapter 25, Chapter 26

Here are links to all the units of the first-year accounting textbook published by McGraw-Hill: Unit 1, Unit 2, Unit 3, Unit 4, Unit 5, Unit 6, Appendixes
15 words 2 learners

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Full list of words from this list:

words only definitions & notes
  1. promissory
    relating to a verbal commitment by one person to another
  2. principal
    the original amount of debt on which interest is calculated
  3. value
    a numerical quantity measured or assigned or computed
  4. term
    a limited period of time during which something lasts
  5. issue
    make out, as a check
  6. maturity
    the date on which an obligation must be repaid
  7. liability
    an obligation to pay money to another party
  8. discount
    an amount or percentage deducted
  9. proceeds
    the income or profit arising from a transaction
  10. revenue
    the entire amount of income before any deductions are made
  11. borrow
    get temporarily
  12. lend
    give temporarily; let have for a limited time
  13. loan
    the temporary provision of money (usually at interest)
  14. institution
    an establishment where an organization is situated
  15. concept
    an abstract or general idea inferred from specific instances
Created on Wed Oct 19 17:24:33 EDT 2016 (updated Fri Oct 21 17:34:47 EDT 2016)

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