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Promissory note
Meaning
Noun
●
In Finance:
A
document
saying
that someone
owes
a specific amount of money to
someone else
, often with the
deadline
and interest
fees
; the
primary
purposes
of a
promissory note
are to
evidence
the
debt obligation
incurred
, and to
establish
terms for
payment
thereof.
Sourced from
Wiktionary
Synonyms
Note Payable
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