higher liquidity, constant assured return on your investment
lower returns compared to other investments
sebu advantage disadvantage
The ECSI website has lots of the promissory notes. The ECSI website also has the template which will help in the writing of the promissory note.
The merits are free money if you can skip town. The demerits are only if you hang around long enough to watch your children pay off a crumbling old strip mall that is not even used anymore. Better to spend it at a strip club
You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.
Currency notes are promissory notes payable to the bearer on demand.section 31 of RBI ACT provides that no one other than RBI or Central Govt. Can issue a promissory note or bill of exchange payable to bearer on demand...hence no cheque works just as a currency note.
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