Definition of promissory note in English English dictionary
A document saying that someone owes a specific amount of money to someone else, often with the deadline and interest fees
Contract between a borrower and a lender that includes all the terms and conditions under which the borrower promises to repay the loan
The legal document borrowers sign to receive a loan It lists the conditions under which the money is borrowed and the terms under which the borrower agrees to repay the loan with interest Borrowers should keep a copy of the promissory notes until the loans have been fully repaid
A legal document that the borrower signs to get a loan in which the borrower promises to repay the loan, with interest, in specified installments The promissory note will also include any information about the grace period, deferment or cancellation provisions, and the student's rights and responsibilities with respect to the loan
The legal document borrowers sign when they get an education loan It lists conditions under which the money is borrowed and the terms under which borrowers agree to repay the loan with interest Borrowers should keep the borrower copy of their promissory notes until the loans are fully repaid
The legal document signed by the borrower prior to receiving a loan Besides containing a promise to repay the loan, it lists the conditions of the loan and terms for repayment
a promise to pay a specified amount on demand or at a certain time; "I had to co-sign his note at the bank"
A legal document signed by the borrower listing conditions under which the money is borrowed, and the terms under which the borrower agrees to repay the loan with interest
The Promissory Note is a legally binding contract between you and your lender This contract details the amount of money that the lender will loan to you It also specifies the conditions under which you are to repay the loan
written bill of financial obligation, IOU, written promise which obligates one to repay a loan
Contract between a borrower and a lender that includes the terms and conditions under which the borrower promises to repay the loan
A legal document a borrower must sign to obtain a loan By signing, the borrower agrees to repay the loan as described in the promissory note
>> A written promise by the borrower to pay a debt owed, within a specified time, to the holder of the note under conditions mutually agreed upon
The binding legal document that must be signed by the student borrower before loan funds are disbursed by the lender The promissory note states the terms and conditions of the loan, including repayment schedule, interest rate, deferment policy, and cancellations The student should keep this document until the loan has been repaid
A document in which you promise to pay a stated amount on a specific date The note normally states the name of the person you'll be paying, as well as the terms for payment and any interest rate
A written, dated, and signed two-party instrument containing an unconditional promise by a maker to pay a definite sum of money to a payee on demand or at a specified future date
A written promise to repay a specified sum of money either on demand, in installments over a specified period of time or at a fixed date in the future Often called simply a Note
A promissory note is a written promise to pay a specific sum of money to a particular person. a $36.4 million, five-year promissory note. A written promise to pay or repay a specified sum of money at a stated time or on demand. Also called note of hand. a document promising to pay money before a particular date. Short-term credit instrument consisting of a written promise by one person to pay a specified amount of money to another on demand or at a given future date. Promissory notes were in use in Europe as early as the Renaissance. They are often negotiable and may be secured by the pledge of collateral. The instrument changed substantially during the 20th century, when various clauses were added regarding payment and other provisions for example, authorizing the sale of collateral, permitting extensions of time, and allowing acceleration of payment in the event of default. See also bill of exchange
A written promise to pay a specified amount to a specified party over a certain period of time
Written promise committing the maker to pay the a specified sum of money either on demand or on some future date, with or without interest
A written promise to pay a specified sum to specified person over a specified period of time
Contract between a borrower and a lender that includes terms and conditions under which the borrower promises to repay the loan Back to the top of the page
The legal contract between the borrower and lender that binds the borrower to repayment of the loan and specifies the terms and conditions involved, such as the interest rate, maturity date, penalty charges, and deferment priviliges (if any)
A legal document signed by the borrower when obtaining a loan It lists the conditions under which the loan is made and the terms under which the borrower agrees to repay the loan You should keep copies of your promissory notes so you know what you agreed to for each loan