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A promissory note is a negotiable instrument, wherein one party (the maker or issuer) makes an unconditional promise in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.
Referred to as a note payable in accounting, or commonly as just a "note", it is internationally regulated by the Convention providing a uniform law for bills of exchange and promissory notes. Bank note is frequently referred to as a promissory note: a promissory note made by a bank and payable to bearer on demand.
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What type of contracts are cash flow notes?
The type of contract that a clash flow note is a promise to say. A cash flow note contract legally obligates one has to receive a set amount of money from another.
Difference between bill of exchange and promissory note?
difference between bill of exchange and promissory note?
What is the difference between a Promissory Note and a Loan?
A loan is a sum of money which is borrowed on the condition that it will be paid back.A promissory note is a written promise to pay the loan that sets forth the terms of the loan and is signed by both parties.
What is the difference between Debit memo and Debit note?
HI, There is no difference between debit note & debit memo, both or same.
What is the difference between a delivery note and a goods received note?
j876uiy6
Is a note valid if not signed by mortgage lender?
Yes. The mortgage secures the debt. The note is simply a promise that you repay the money. If you sign the note, then you are liable for the debt. The note is simply your promise to pay back the money you borrowed. If you signed the mortgage, and you default on the promises and covenants of the note and mortgage, then the mortgagee (bank) has the right to foreclose on you. The default of mortgage payments are a breach of contract which allows the lender to foreclose on your home.
What is the difference between a laptop and a note?
laptops are bigger
What is the difference between a promissory note and straight note?
A promissory note is a contract where one party (the maker or issuer) makes an unconditional promise in writing to pay a sum of money to the other (the payee). They differ from IOUs in that they contain a specific promise to pay, rather than simply acknowledging that a debt exists.A Straight note is a promissory note serving as evidence of a nonamortizing loan that calls for the payment of the entire original principal on a specific date. Interest may be paid periodically or accrue until the principal is due. Straight notes are often short-term (three- to five-year) secondary financing used in conjunction with a first trust deed or mortgage for a real estate purchase.
What is difference between one rupee note and two rupee note?
one rupee
Insturctions on filling out straight note secured by deed of trust?
What is the difference between a straight note and a promissory note:
How old do you have to be to have a car note?
A car note is a contract and you need to be 18 to enter into a contract.
What is the difference between a flat music note and a normal one?
a flat note is slightly lower than a normal note. You can tell the difference on a bassoon with E and E flat.
