FINC1231 - CH.8

the party making the promise to pay

• payee

• maker

• face value

• rate of interest

• date of issue (issue date)

the party to WHOM the promise to pay is made

• payee

• maker

• face value

• rate of interest

• date of issue (issue date)

sum of money (principal) specified

• payee

• maker

• face value

• rate of interest

• date of issue (issue date)

simple annual rate based on the face value

• payee

• maker

• face value

• rate of interest

• date of issue (issue date)

date on which the notes was made

• payee

• maker

• face value

• rate of interest

• date of issue (issue date)

length of time before the note matures (becomes payable)

• due date

• term

• maturity value

• amount of interest

• interest period

date on which the note is to be paid (last day of expiry)

• due date

• term

• maturity value

• amount of interest

• interest period

time period from the date of issue to the legal due date

DBD = 121 DAYS

• due date

• term

• maturity value

• amount of interest

• interest period

payable together with the face value on the legal due date

• due date

• term

• maturity value

• amount of interest

• interest period

amount payable on the due date (face value + interest)

• due date

• term

• maturity value

• amount of interest

• interest period