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...
Definition of promissory note in the Legal Dictionary - by Free online English ... (
variously called maker, obligor, payor, promisor) to pay a specific amount of ...
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.
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.
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. n. a written promise by a person (variously called maker, obligor
, payor, promisor) to pay a specific amount of money (called "principal") to ...
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
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”.
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 ...
... 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 ...