While the concept of the promissory note has more than likely been around since the dawn of hard currency, the promissory note itself dates back to the early 10th century...Secured and Unsecured Notes
There's many types of promissory notes, almost as many as there are reasons for taking out a loan in the very first place. But what security does one have with a promissory note...Avoiding Costly Mistakes
Promissory Notes can sometimes be misleading in their simplicity, and if you're about to get involved in or create a promissory note you should be aware of a few simple but crucial steps to take in order to avoid any legal ramifications...Important Facts & The Law
When you borrow an amount of money and pledge to pay it back then you've created an oral and binding legal obligation. In most cases it's formalized in writing spelling out in detail the terms of payment. Such a legal document is generally known and referred to as a "Promissory Note" and is...How Notes Work
Typically a promissory installment note includes the terms of the loan, the amount of the loan, what the loan is actually for, the rate of interest rate, late payment fees, the frequency and amount of installments, etc. However, the law will uphold certain...