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Promissory note

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Noun

note promissory note note of hand

Definition: a promise to pay a specified amount on demand or at a certain time; "I had to co-sign his note at the bank"

Definition: A document saying that someone owes a specific amount of money to someone else, often with the deadline and interest fees; the primary purposes of a promissory note are to evidence the debt obligation incurred, and to establish terms for payment thereof.

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