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.
It is called a proxy
mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Credit
A bond. Or Money Bond
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.
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?
Bond -yee i did it myself lol-
Vince Lynn has written: 'Debts to repay'