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Promissory note - Wikipedia


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:


10. The amount of a promissory note is called the face value.

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 ...

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


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. For the ...

Promissory Notes – An USLegal Topic Area


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 ...



is called theNote Holder.” 2. INTEREST. Interest will be charged on unpaid principal until the full amount of Principal has been paid. I will pay inter- est at a ...

Notes Receivable - CliffsNotes


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  ...

Chapter 5


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,.

Notes Receivable (Oracle Receivables Help) - Oracle Help Center


The date that payment is due is called the note maturity date. ... When a promissory note is created, the issuer specifies the amount due, the maturity date, and ...

Loan Terms and Glossary – Office of Financial Aid


Co-signer or Co-borrower: A person who signs a promissory note that is also signed by one or more other parties. ... Prepayment: Any amount that is paid on a loan prior to the scheduled time ... Private loans are also called “alternative loans. ”.

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Promissory note legal definition of promissory note - Legal Dictionary


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

Quia - Chapter 8 Budgets


When you subtract your debts from the total amount of things you own, the ... The person who creates and signs a promissory note is called the, the maker.

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 ...