Examples of maker in the following topics:
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- Maker-the maker of a note is the party who receives the credit and promises to pay the note's holder.
- The maker classifies the note as a note payable.
- Payee-the payee is the party that holds the note and receives payment from the maker when the note is due.
- Interest-notes generally specify an interest rate, which is used to determine how much interest the maker of the note must pay in addition to the principal.
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- A promissory note is a negotiable instrument, where one party (the maker or issuer) makes, under specific terms, an unconditional promise in writing to pay a determined sum of money to the other (the payee), either at a fixed or determinable future time or on demand by the payee.
- Sometimes, provisions are included concerning the payee's rights in the event of a default, which may include foreclosure of the maker's assets.
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- All this means that "accounting" can be defined as a system for measuring and summarizing business activities, interpreting financial information, and communicating the results to management and other decision makers.
- Management accountants provide information and analysis to decision makers inside the organization in order to help them run it.