Promissory Note
Content
Definition
A Promissory Note is a financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.
Usage and Context
A promissory note is a written promise to pay a specific amount of money at a future date.
Frequently asked questions
- What is a promissory note? A promissory note is a written promise to pay a specific amount of money either on demand or at a set future date.
- Is promissory note a financial instrument? Yes, a promissory note is a financial instrument that contains a written promise to pay a specific amount of money.
- What is a promissory note Quizlet? A promissory note is a written promise to pay a specified amount of money either on demand or at a set future date.
Benefits
A promissory note is a written promise to pay a specific amount of money either on demand or at a future date.
Conclusion
Promissory Note is a written promise to pay a specific amount of money at a future date.
