Home > Term: promissory note
promissory note
Written unconditional promise to pay, issued and signed by the debtor himself. The latter undertakes to pay on demand at a fixed or determinable future date a certain sum of money to the order of a specified person, or to bearer.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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