Final answer:
The maturity date of a note receivable is the date on which the note is due to be completely repaid by the borrower.
Step-by-step explanation:
The maturity date of a note receivable is the day the note is due to be paid. This is similar in concept to the maturity date of a bond, which is the date that a borrower must repay the bond's face value along with its last interest payment. It is important for investors and borrowers to understand a bond's maturity date, as it allows them to compute the bond's present value, which is what a buyer would be willing to pay for the bond at a given time.
The maturity date of a note receivable is C. Is the day the note is due to be paid. This is the date when the borrower is required to repay the principal amount of the note as well as any accrued interest.