promissory note

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promissory note by Mind Map: promissory note

1. A promissory note is a document that promises to pay someone.

2. The promissory note is a credit instrument that establishes a formal commitment.

3. It must be stated in writing in the title of the document that it is a promissory note.

4. types of promissory note

4.1. promissory notes to order.

4.2. promissory not to order.

5. the promissory note establishes a formal commitment that one person will pay another an amount of money on a specified date.

6. The promissory note is characterized by the fact that it implies an unconditional payment promise, that is, the payment cannot be conditioned, except for the due date.