NOTES PAYABLE Definition

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NOTES PAYABLE are all note obligations, including bank and commercial paper. Does not include trade notes payable.

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PARENT COMPANY is a company of which others are subsidiaries.

BUSINESS MATRIX, often used in business incubators, is where separate business entities join forces to advance the development of a start-up, e.g.., one firm may offer offices, another marketing/sales assistance or manufacturing expertise, etc. Such a matrix may receive compensation in the form of equity from the start-up being assisted by that business matrix.

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