promissory note

1. types of promissory note

1.1. promissory notes to order.

1.2. promissory not to order.

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

3. 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.

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

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

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