Promissory note

 

Meaning of the word: Promissory note

A promissory note is a financial instrument, in which one party, represented for example by the producer promises in writing to pay a determinate sum of money to the other. It is also about the amount of money, which the bank is obliged to pay the holders of the bills always to a certain date. The bank provides beneficial interest on the promissory note.

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FROM DICTIONARY

Principal

Principal financial is the amount that the debtor's borrowed from the lender. The reward for providing this amount is interest for the lender, which…

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