Promissory note
From The Art and Popular Culture Encyclopedia
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A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financial instrument and a debt instrument), in which one party (the maker or issuer) promises 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.
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See also
- Bond (finance)
- Credit card
- Government bond
- Letter of credit
- Notes receivable
- Student loan
- Warrant (of Payment)
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Promissory note" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
