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.
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.
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.