Promissory note

Promissory note,

Definition of Promissory note:

  1. A promissory note is a financial instrument that contains a written promise by one party (the note's issuer or maker) to pay another party (the note's payee) a definite sum of money, either on demand or at a specified future date. A promissory note typically contains all the terms pertaining to the indebtedness, such as the principal amount, interest rate, maturity date, date and place of issuance, and issuer's signature.

  2. Written, signed, unconditional, and unsecured promise by one party (the maker or promisor) to another (the payee or promisee) that commits the maker to pay a specified sum on demand, or on a fixed or a determinable date. Promissory notes (such as bank or currency notes) are negotiable instruments.

  3. Although financial institutions may issue them (see below), promissory notes are debt instruments that allow companies and individuals to get financing from a source other than a bank. This source can be an individual or a company willing to carry the note (and provide the financing) under the agreed-upon terms. In effect, anyone becomes a lender when he issues a promissory note. For instance, although it isn't a given, you might be required to sign a promissory note in order to take out a small personal loan.

Synonyms of Promissory note

CD, IOU, MO, Acceptance, Acceptance bill, Arrangement, Bank acceptance, Bank check, Bill, Bill of draft, Bill of exchange, Blank check, Bond, Certificate, Certificate of deposit, Certified check, Check, Checkbook, Cheque, Commercial paper, Contract by deed, Contract of record, Contract quasi, Covenant of indemnity, Debenture, Debenture bond, Deed, Deed of trust, Deed poll, Demand bill, Demand draft, Draft, Due bill, Exchequer bill, Formal contract, Group policy, Implied contract, Indent, Indenture, Insurance policy, Letter of credit, Money order, Mortgage deed, Negotiable instrument, Note, Note of hand, Paper, Parol contract, Policy, Postal order, Recognizance, Sight bill, Sight draft, Special contract, Specialty, Specialty contract, Time bill, Time draft, Title deed, Trade acceptance, Treasury bill, Voucher, Warrant

How to use Promissory note in a sentence?

  1. In terms of their legal enforceability, promissory notes lie somewhere between the informality of an IOU and the rigidity of a loan contract.
  2. One friend gave to another friend a promissory note that he would pay for the barbecue grill he broke as soon as possible.
  3. A promissory note is a financial instrument that contains a written promise by one party (the note's issuer or maker) to pay another party (the note's payee) a definite sum of money, either on demand or at a specified future date.
  4. A promissory note typically contains all the terms pertaining to the indebtedness, such as the principal amount, interest rate, maturity date, date and place of issuance, and issuer's signature.
  5. The United States dollar is a promissory note , because it is a guarantee that there is gold in the treasury to cover it.
  6. When you are making a big business acquisition it can be easier to use a promissory note than to pay in so much cash.

Meaning of Promissory note & Promissory note Definition

Promissory Note,

Promissory Note:

  1. A financial instrument used to provide the financial guarantee required for an insurance company to implement a cash flow guarantee program, such as an insurance program that has been reviewed in the past. A promissory note gives the guarantor the status of principal creditor, not ordinary creditor.

  2. Promissory Note refers to A pledge note is a financial instrument in which a written promise is made by one party (issuer or maker of a pledge note) to pay the other party (note taker) on request or at a later date. ۔ . . . Promotional notices usually contain all the terms related to the loan such as price, interest rate, maturity date, date and place of issue, and signature of the issuer.

    • A promissory note is a financial instrument that contains a written promise from one party (issuer or promissory note) to pay the other party (recipient of the promissory note) on request or on a specific date. . .
    • The promotional note usually includes all the terms related to the loan, such as price, interest rate, date of maturity, date and place of issue, and signature of the issuer.
    • In terms of applicability, promotional notes are somewhere between the informal nature of promissory notes and the strictness of a loan agreement.

  3. Meaning of Promissory Note: Proof of debt with a certain amount of loan and a certain interest rate. Promotional notes may have an expiration date or may be paid upon request. A promissory note may or may not be with another instrument, such as a mortgage that guarantees its payment.

Literal Meanings of Promissory Note

Promissory:

Meanings of Promissory:
  1. Make a promise or point it out.

Sentences of Promissory
  1. Hopeful statement

Note:

Meanings of Note:
  1. Watching or paying attention (something)

  2. Enter (something) in writing.

  3. A brief note about an event, topic, or idea is written as a reminder.

  4. Informal short letter or text message.

  5. A specific sound produced by a musical instrument or a human voice.

Sentences of Note
  1. Seeing his mother's extraordinary happiness.

  2. Write the address on a piece of paper

  3. I will make a note in my diary.

  4. I left a note of where he went.

  5. Symphony's last note has been deleted.

  6. There is hatred in your voice

Synonyms of Note

mark, inscribe, scrawl, write down, vein, bear in mind, epistle, account, jot down, intonation, take into consideration, scribble, banknote, register, take down, missive, take note of, jotting, message, minute, be mindful of

Promissory Note,

What is The Meaning of Promissory Note?

  1. Promissory Note refers to Financial intent that is used to provide the insurer with the financial guarantee needed to implement a cash flow guarantee program, such as an insurance plan that has been reviewed in the past. A promissory note gives the guarantor the status of principal lender, not ordinary lender.

  2. A simple definition of Promissory Note is: A promissory note is a financial process that involves a written commitment from one party (the issuer or manufacturer of the promotional note) to pay the other party (the recipient of the note) a certain amount or on a certain date. ਕਰੇ۔ . Specific . Promotional notices usually contain all the terms related to the loan such as price, interest rate, maturity date, date and place of issue, and signature of the issuer.

    • A promissory note is a financial process that involves a written promise from one party (issuer or maker of a promissory note) to the other party (note taker) to ask for a certain amount or pay on a due date. . Specific .
    • Promotional notices usually contain all the terms related to the loan such as price, interest rate, maturity date, date and place of issue, and signature of the issuer.
    • In terms of enforcement, promotional notes fall somewhere between the informal nature of promissory notes and the rigidity of a loan agreement.

  3. Definition of Promissory Note: Proof of debt with a certain amount of loan and a certain interest rate. Promotional notes may have an expiration date or may be paid upon request. Promise note may or may not accompany other transactions, such as: B. Mortgage guaranteeing your payment.

Literal Meanings of Promissory Note

Promissory:

Meanings of Promissory:
  1. Making a promise or pointing to it.

  2. Shows something full of promise.

Sentences of Promissory
  1. Sunset promises wonderful days.

Note:

Synonyms of Note

strain, suggestion, memo, outline, transactions, line, observations, heed, notation, reminder, aide-memoire, memorandum, mark down, minutes, streak, flimsy, commit to paper, pay attention to, indication, impressions, proceedings

Promissory Note,

How Do You Define Promissory Note?

Financial intent is used to provide the insurer with a financial guarantee that is necessary to implement a guaranteed cash flow program, such as a previously assessed insurance plan. A promissory note gives the guarantor the status of the original lender, not the ordinary lender.

Promissory Note definition is: A promissory note is a bond that contains a written promise from one party (issuer or producer of the bond) to the other party (recipient of the bond) to pay a certain amount on request or within a specified period. Meeting Promise notes usually contain all the terms related to the loan, such as price, interest rate, maturity date, date and place of issue, and signature of the issuer.

  • A promissory note is a financial process in which a written commitment is made by one party (issuer or manufacturer of a promissory note) to the other party (note taker) on request or payment on a specific date. . Specific.
  • Promise notes usually contain all the terms related to the loan, such as price, interest rate, date of maturity, date and place of issue, and signature of the issuer.
  • In terms of applicability, promissory notes are somewhere between the informal nature of promissory notes and the tightness of loan agreements.

Literal Meanings of Promissory Note

Promissory:

Meanings of Promissory:
  1. Delivering or signifying a promise.

  2. A sign that something is full of promise.

Note:

Meanings of Note:
  1. Write (something).

Sentences of Note
  1. I left a note stating where he had gone.

Synonyms of Note

item, listen to, precis, jottings, tone, sound, commentary, observe, data, put down on paper, put down, set down, Treasury note, pay regard to, sketch, transcript, hint, paper money, email, deets, records, be guided by, summary