nsTeam1RO, nsTeam1RW, nsTeam1_talkRO, nsTeam1_talkRW
6,781
edits
Changes
Jump to navigation
Jump to search
Line 1:
Line 1: − + − − {{stub}}
no edit summary
A promissory note is a written promise by someone to pay a specific amount of [[money]] by a certain date. It is the formal name for an "I.O.U."
A '''promissory note''' is a written promise by someone to pay a specific amount of [[money]] by a certain date. It is the formal name for an "I.O.U."
For example, a bank will require a promissory note in exchange for loaning someone money, and the promissory note will specify how that money must be repaid.
For example, a bank will require a promissory note in exchange for loaning someone money, and the promissory note will specify how that money must be repaid.