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What is Currency notes?

A currency note is a banknote -- a type of negotiable instrument known as a promissory note, made by a bank, payable to the bearer on demand.


Where can one find a sample of a promissory note?

A sample of a promissory note can be found at websites, that have office forms or business form templates, such as the Rocket Lawyer website. A website called Legal Forms also have promissory note samples.


Wording for promissory note?

wording for promissory note with collateral


How do you write legally binding promissory note?

The easiest way to write a legally binding promissory note yourself is to use a pre-formated promissory note form from a credible legal forms database. All you have to do is fill in the form with the appropriate information. Each state has certain requirements, therefore each form is specifically made for each state.


Is a promissory note valid with no consideration?

No....a promissory note is not valid without a consideration.


How can you use the word promissory in a sentence?

She signed a promissory note as a commitment to repay the loan on time.


How do you issue a promissory note?

A promissory note is a fancy legal name for a legally phrased I.O.U.


Amount of promissory note is called?

The amount written on the face of a promissory note is called face value or principal. The date on which the promissory note is written is called the issue date.


If you have a promissory note based on a business loan and you file bankruptcy on that business loan is the promissory note still valid?

Even though you file bankruptcy, you still have to honor the promissory note. If you are ordered to make installment payments then you will have to pay the promissory note in installments.


Is the amount of promissory note is called maturity value?

No, the amount of the promissory note is the face vale not maturity value. Maturity value is the value of the money on the promissory note after a period of time.


Difference between bill of exchange and promissory note?

difference between bill of exchange and promissory note?


What is the difference between a Secured Promissory Note and a Promissory Note?

A secured promissory note has collateral attached - usually an item/items of value or a deposit. If the note is not fulfilled, the creditor can seize the collateral as payment. An unsecured note has no collateral attached.