Promissory note

A promissory note is a legal instrument (more particularly, a financial instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms. If the promissory note is unconditional and readily salable, it is called a negotiable instrument.

Referred to as a note payable in accounting (as distinguished from accounts payable), or commonly as just a "note", it is internationally defined by the Convention providing a uniform law for bills of exchange and promissory notes, although regional variations exist. A banknote is frequently referred to as a promissory note: a promissory note made by a bank and payable to bearer on demand. Mortgage notes are another prominent example.

Overview

Promissory notes are a common financial instrument in many jurisdictions, employed principally for short time financing of companies. Often, the seller or provider of a service is not paid upfront by the buyer (usually, another company), but within a period of time, the length of which has been agreed upon by both the seller and the buyer. The reasons for this may vary; historically, many companies used to balance their books and execute payments and debts at the end of each week or tax month; any product bought before that time would be paid only then. Depending on the jurisdiction, this deferred payment period can be regulated by law; in countries like France, Italy or Spain, it usually ranges between 30 to 90 days after the purchase.

Podcasts:

PLAYLIST TIME:

Promise

by: Randy

Promise me that you wont.
Let me fall asleep tonight.
So I don't wake up tomorrow.
One day older than today.
Promise me you wont weep.
If I die tonight in my sleep.
No matter what.
You can't avoid the great big leap.
Careless souls natures wonder.
A storm is coming closer over yonder.
But then again don't you know...
All the pretty ones die young.
And they're better of that way.
All the wicked ones die young.
And they're better of that way.
Promise me that you wont.
Let me fall asleep tonight.
So I don't wake up tomorrow.
One day older than today.
Either swine or man.
Survive and struggle as long as you can.
Either the problem or solution.
There is nothing in-between then.
Victory or come death.




Latest News for: promissory note

Edit

Dealin’ Doug selling former Bronco’s mansion in Cherry Hills Village for $7.7 million

Denver Post 29 Mar 2025
Zillow estimates the mansion’s worth at $8.8 million ... He and Parsons signed a deal that consolidated the InBank home loan with a $325,000 promissory note held by Moreland for an aggregate initial principal amount of $6.3 million ... Share this. ... Map.
Edit

El Paso CBP Seizes 242lbs. of Pork Bologna

Texas Border Business 28 Mar 2025
U.S ... They also seized a controlled medication during the encounter. USCBP image. Texas Border Business. EL PASO, Texas – U.S ... USCBP Image ... USCBP image ... The driver was issued a $1,000 promissory note for the prescription medication violation ... USCBP image ... .
Edit

A century of faith: First Presbyterian Church Haines City celebrates 100th anniversary

The Ledger 28 Mar 2025
Senft was baptized in the church as an infant, 82 years ago ... The Rev. Thomas J.J ... Cheré Senft, his widow, recalled the concern she felt when Paul told her that the committee had signed a multimillion-dollar promissory note to build a new church ...
Edit

CBP El Paso seize bologna, meth and fentanyl; man sentenced in $6 million fraud scheme

El Paso Times 28 Mar 2025
El Paso smoke shop burglar steals more than $5,000 in merch. A burglar stole more than $5,000 in CBD merchandise and other items from The Spot Smoke Shop, 1641 N ... The driver was issued a $1,000 promissory note for the prescription medication violation.
Edit

SHL renews SAR 200M credit facilities with Bank AlJazira

Eye Of Riyadh 27 Mar 2025
The credit is guaranteed by a promissory note for the total amount of the facility and an assignment of receivables to cover 125% of the outstanding balance of the facilities, the ...
Edit

Pivotree Announces Fourth Quarter 2024 Results

ACCESSWIRE 27 Mar 2025
It is important to note that while this is an indicator of ... Notes. ... Interest expenses are primarily related to interest and accretion expense on the secured debentures and convertible promissory notes.
Edit

Jaguar Health CEO, Board Members, Other C-Suite Members, and Institutional and Accredited Investors Invest in ...

ACCESSWIRE 26 Mar 2025
... will issue up to $3.448 million aggregate principal amount of convertible promissory notes (collectively, the "Notes") to such Investors in a private placement priced at-the-market under Nasdaq rules.
Edit

When Wall Street's financing turns 'toxic'

Business Insider 26 Mar 2025
The terms are set with a promissory note and usually take effect after six or 12 months, depending on whether the company is an SEC registrant ... That's because once a public company discloses it's taken a convertible note, it's publicly filed.
Edit

SAIC inks SAR 100M credit facility deal with Alinma Bank

Eye Of Riyadh 25 Mar 2025
In a statement to Tadawul, SAIC said the one-year financing is guaranteed by a promissory note, ...
Edit

Big Tree Closes Transaction for Sale of Biodiversity Business Plan to NANAVERSE Inc.

ACCESSWIRE 25 Mar 2025
and as consideration, Big Tree has received a $1,000,000 Promissory Note from the ... Once the Purchaser has raised a minimum of $4 million, the $1,000,000 Promissory Note owing to Big Tree will be paid.
Edit

SHL renews SAR 1.9B credit facility deal with ANB

Eye Of Riyadh 24 Mar 2025
The five-year facility is secured by a promissory note for the full financing amount ... The company noted an indirect interest as Obaid Alrasheed, a SHL ...
Edit

Belagavi police parade communal offenders to ensure peaceful Ramzan

The Times of India 22 Mar 2025
Belagavi ... Meanwhile, the police took signatures from the offenders on a promissory note that they wouldn't repeat such crimes ... .
Edit

Cabinet okays up to 188% pay raise for its members

The News International 22 Mar 2025
PM Shehbaz Sharif chairs a federal cabinet meeting in Islamabad on October 10, 2024. — APP ... The Federal Ministers and Ministers of State (Salary, Allowances and Promissory Notes Amendment Bill, 1975) has been approved through the circulation summary ... .
Edit

US tariffs are a sign of insecurity and fear, marking the end of the great American century

The Irish Times 22 Mar 2025
Once you start looking, the signs of an American recession are everywhere. The second-hand market is heating up, a classic pre-recession indicator ... People panic-sold designer handbags faster than you could say Anglo Promissory Note ... Listen . 54.04 ... .
Edit

Western Alaska Minerals Announces Closing of Loan Transaction

ACCESSWIRE 22 Mar 2025
... with certain lenders to the Company (the "Lenders"), pursuant to which the Company has issued promissory notes ("Notes") in the aggregate principal amount of US$1,200,000 (collectively, the "Loan").
×