The time between the date a note is issued and the due date of the note 1. Face amount The dollar amount stated on a promissory note 2. Term The stated rate charged for using the money of another party 3. Interest The amount charged for using the money of another party 4. Maturity value A note that is not paid when it is due 5. Dishonored note 6. Maker The party promising to pay a note 7. Notes receivable The amount due that must be paid at the due date of a note receivable 8. Interest rate A formal, written instrument of credit that represents amounts due from customers A fixed asset with a cost of $41,000 and accumulated depreciation of $36,500 is traded for a similar asset priced at $60,000. Assuming a trade-in allowance of $3,000, the recognized loss on the trade is $3,000 $4,500 $500 $1,500