Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...

Notes receivable refers to legal instrument claims for which credit has been issued as evidence of debt, such as with a promissory note. Credit instruments usually require debtors to pay interest and ...

Even if your business doesn't center around banking, it may involve a loan occasionally. Suppose you're a metal company, and a customer wants to buy tungsten now and pay later. You sell $5,000 worth ...