The difference between the amount received from issuing a note payable and the amount repaid at maturity is referred to as:

interest

Explanation:

Notes payable occurs when a promissory note is issued to the bearer by the firm. Notes payable can either be short term which is within a year or long term which is more than a year.

The difference between the amount received from issuing a note payable and the amount repaid at maturity is known as the interest.

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