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...
10. The amount of a promissory note is called the face value.
Definition of promissory note in the Legal Dictionary - by Free online English ... (
variously called maker, obligor, payor, promisor) to pay a specific amount of ...
A promissory note is valid only if it is a promise to pay money. ... The note must
indicate a specific amount owed that will be paid. .... Also called a “note.” Secured
The "amount" can take two forms... the principal, and the balance. The principal is
the amount of ... How do I sue someone over a $35,000 promissory note?
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 ...
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, ...
A simple promissory note appears below. The face value of a note is called the
principal, which equals the initial amount of credit provided. The maker of a note
A written, signed, unconditional promise to pay a certain amount of money on
demand ... maker, and the person to whom payment is promised is called the
payee or holder. If signed by the maker, a promissory note is a negotiable
the person signing the note (called the maker) is agreeing that he will repay the ...
is addressed and who is ordered to pay the amount of money specified in the ...