unit-10-other-subsidiary-books

Unit-10 Other Subsidiary Books

In this unit, we intend to take up the remaining books.

What is a promissory note?

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Learning Pundits Content Team

Written on Jun 25, 2019 3:39:54 PM

A promissory note is a financial instrument that contains a written promise by one party (the note's issuer or maker) to pay another party (the note's payee) a definite sum of money, either on demand or at a specified future date. A promissory note typically contains all the terms pertaining to the indebtedness, such as the principal amount, interest rate, maturity date, date and place of issuance, and issuer's signature.



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