answersLogoWhite

0

A written promise to repay is called a promissory note. It is a legal document where one party (the borrower) agrees to repay a specific amount of money to another party (the lender) according to agreed-upon terms and conditions.

User Avatar

AnswerBot

1y ago

What else can I help you with?

Related Questions

What is a written promise issued by a corporation to repay borrowed money at a later date?

It is called a proxy


Which of these is a lien on the property that secures the promise to repay a loan?

mortgage


What is a lien on the property that secures a promise to repay the loan?

Mortgage


What is a lien on a property that secures the promise to repay the loan?

Mortgage


What is a lien on the property that secures the promise to repay a loan?

Mortgage


Which document represents the borrowers promise to repay the loan?

Mortgage


Receiving money to buy goods and services with the promise to repay in the future?

Credit


What is a promise to repay money lent by a specific date with interest?

A bond. Or Money Bond


Which document represents the borrowers promise to repay the loan A) Compliance Agreement B) Note C) Mortgage D) Deed of Trust?

B) Note represents the borrower's promise to repay the loan. It is a legal document that outlines the terms of the loan, including the amount borrowed, interest rate, and repayment schedule. The other options, such as the mortgage and deed of trust, serve to secure the loan against the property but do not represent the borrower's promise to repay.


Is a 30 year fixed loan home collateral?

Not sure what the question is. If you take out a mortgage loan on a home. the Promissory Note is used to show the debt (the promise to repay) and a mortgage lien is placed on the home to show that the home is collateral for the Note if the promise to repay isn't kept. Does that answer the question?


What is a paper note that promise to repay money in a certain length of time?

Bond -yee i did it myself lol-


What has the author Vince Lynn written?

Vince Lynn has written: 'Debts to repay'