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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 ...

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 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 - Law dictionary


The promissory note can be payable on demand (a demand promissory note, ... ( variously called maker, obligor, payor, promisor) to pay a specific amount of ...

Promissory Notes – An USLegal Topic Area


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.

What's the difference between a mortgage and a promissory note ...


Learn the difference between a promissory note and a mortgage or deed of trust ... the promissory note that contains the promise to repay the amount borrowed.

Promissory Note Model Form (Form 190): Word - Fannie Mae


Use of the Promissory Note model template for borrower contributions in connection ... dollars (U.S. $______) (this amount is called “Principal”), to the order of ...

Chapter 5: The Promissory Note


payment is promised is called the payee or holder. For example, if two ... specifies collateral securing the amount loaned ... A promissory note may contain other terms such as the right of the holder to order payment be made to another person,.



... Student Loan (NDSL) Promissory Note (hereinafter called the Note) and any ... I understand that the School will report the amount of my installment payments,.

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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 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 - Amount, Pay, Promise, and Written - JRank Articles


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 instrument.