Business Studies, asked by benah, 9 months ago

Hey guys, please HELP...
What is a promissory note??

Answers

Answered by Antiquebot
1

A promissory note, sometimes referred to as a note payable, is a legal instrument, in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand of the payee, under specific terms.

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Answered by swarupmaity08
1

Explanation:

A promissory note is a financial instrument that contains a written promise by one party to pay another party a definite sum of money,either on demand or at a specified future data.

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