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A written promise to pay a debt by a specified date is known as a promissory note. This legal document outlines the borrower's commitment to repay the lender a specific amount of money, including any interest, by a predetermined deadline. It serves as evidence of the debt and can be enforced in a court of law if necessary. Promissory notes are commonly used in various financial transactions, including personal loans and mortgages.
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Can you provide examples of debt investments?
Debt investments are financial assets where an investor lends money to an entity in exchange for regular interest payments and the return of the principal amount at a specified maturity date. Examples of debt investments include government bonds, corporate bonds, municipal bonds, certificates of deposit (CDs), and treasury bills.
A promise or obligation to pay to another a certain amount of money which has no collateral?
unsecured debt
What corporate financial instrument indicates that the company is in debt?
A corporate financial instrument that indicates a company is in debt is a bond. When a company issues bonds, it borrows money from investors with the promise to pay back the principal amount along with interest over a specified period. Other indicators of debt include loans and credit facilities listed on the balance sheet, as well as notes payable. These instruments reflect the company's obligations to repay borrowed funds.
Is a loan considered debt?
Yes, a loan is considered debt because it involves borrowing money that needs to be repaid with interest over a specified period of time.
What is a bank mortgage?
It is a security agreement used as eveidence of debt secured by real property and a promise to repay the debt at certain terms agreed to by both the lender and borrower.
Definition of primary promise?
promise to pay another's debt that is not conditioned upon the other person's failure to pay promise to pay another's debt that is not conditioned upon the other person's failure to pay
When does a debt become due upon notice or upon due date?
A debt typically becomes due on its specified due date, which is outlined in the terms of the agreement between the borrower and lender. However, in some cases, a debt may become due upon notice if the lender invokes a clause that accelerates the debt—this often occurs when the borrower defaults on the agreement or fails to meet certain conditions. In such situations, the lender can demand immediate payment regardless of the original due date.
A promise to pay someone else's debt is called what?
Foolish
What is the Statute of Limitation period for a credit card debt in Ontario?
For a written agreement; which involves a credit card debt is 4 yours from the date of last activity or last payment. Once this expires, the debtor can no longer collect on this debt, or sue you for this debt.
What is the meaning of A promise made is a debt unpaid?
When you make a promise to someone, it is equivalent to you taking a debt from that person. And the debt is paid back, only when the promise is fulfilled. So think before making a promise. The quote itself is from Robert W. Service's poem, "The Cremation of Sam McGee." If perchance you have never read that poem, you must find it (it's out there on the Internet) and read it. Read it aloud, to your friends, at night.
What is indemnity?
an unconditional promise to completely assume another person's debt
How do you use misery in a sentence?
The promise of relief from misery of overwhelming debt.
Can you provide examples of debt investments?
Debt investments are financial assets where an investor lends money to an entity in exchange for regular interest payments and the return of the principal amount at a specified maturity date. Examples of debt investments include government bonds, corporate bonds, municipal bonds, certificates of deposit (CDs), and treasury bills.
What is meant by a pledge?
A pledge is a promise or a agreement to do something. It also can be a payment of debt.
What is the total account debt as of the statement date called?
The total account debt as of the statement date is called the balance.
A promise or obligation to pay to another a certain amount of money which has no collateral?
unsecured debt
Can someone add a debt onto their bankruptcy even though the debt occurred after they had filed for Chapter 7?
No, this is considered a post-petition debt. It would not be covered by the bankruptcy, you would legally owe this debt. Bankruptcy only covers charges up to the filing date. Not the meeting date,not the discharge date and not the closing date.
