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Promissory note


A promissory note is a legal 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 fut...

Promissory note legal definition of promissory note - Legal Dictionary

legal-dictionary.thefreedictionary.com/promissory note

Definition of promissory note in the Legal Dictionary - by Free online English ... ( variously called maker, obligor, payor, promisor) to pay a specific amount of ...

Financial Accounting Ch. 8 flashcards | Quizlet


Under the percentage-of-receivables basis, the amount of bad debt expense is ... In a promissory note, the party making the promise to pay is called the maker.

What is the amount of a promissory note called and who is owed that ...


Sep 1, 2015 ... The "amount" can take two forms... the principal, and the balance. The principal is the amount of money that the loan or credit starts out as.

Promissory Note Definition | Investopedia


A promissory note typically contains all the terms pertaining to the indebtedness by the issuer or maker to the note's payee, such as the amount, interest rate, ...

Promissory Note - Legal Dictionary | Law.com


promissory note. n. a written promise by a person (variously called maker, obligor , payor, promisor) to pay a specific amount of money (called "principal") to ...

Promissory note - Facebook


The person who makes the Promissory Note and promise to pay is called the maker ... The amount must be certain- The amount undertaken to be paid must be  ...

Essentials and Types of Promissory Note - Business Study Notes


May 16, 2016 ... Discuss the types and essentials of promissory notes in detail. ... to pay the amount stated therein is called the “Maker of Promissory Note”.

What is a Promissory Note? - AccountingCapital


Jun 21, 2015 ... Terms of a promissory note include the amount of principal, rate of ... who makes the promise is called the maker, and he to whom it is made is ...

1. In Reference To A Promissory Note, The Person ... | Chegg.com


... to a promissory note, the person who is to receive payment is called the (Points ... The amount of the promissory note plus the interest earned on the due date ...

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Promissory Note Comparison Guide - LegalZoom


A promissory note gives the details of both the debt and the repayment plan, including any deadlines or ... The note must indicate a specific amount owed that will be paid. If the document ... property (also called “collateral”). If the borrower ...

Promissory note - Accounting Dictionary | Simplestudies.com


is a formal unconditional written promise to pay a stated amount upon demand or at a future date. The debtor (i.e., borrower) of a promissory note is called the ...

Promissory Notes - Promissory Notes


A promissory note is a written instrument that documents or records a ... the person signing the note (called the maker) is agreeing that he will repay the ... draft is addressed and who is ordered to pay the amount of money specified in the draft.