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What is a promissory note?

What is a promissory note? Here are some definitions.

Noun
  1. (finance) A document saying that someone owes a specific amount of money to someone else, often with the deadline and interest fees.
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Without a written promissory note, your brother could deny he owes the money and instead claim your father told him he could make the charges.
If he decides to start making payments, you should write up a simple promissory note.
The days when cash, a cheque or a promissory note were the only methods of payment have passed.
The plaintiff advanced money and was issued a promissory note signed by the accountant and an associate.
It was J. S. Woodsworth who cut a deal with King in a letter, a promissory note.
However, when you take a loan, the loan amount will be treated as an asset in the plan, as it will be replaced by your promissory note.

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