Trading TermsCash against documents (CAD) Bull Market Exception ratings Money Market Overbought/Oversold Indicator Glossary summary
Promissory note
In the realm of finance, we often come across the term 'promissory note', a written commitment to pay a specified amount on demand or on a specified date to a specific individual or bearer. These notes are considered negotiable instruments and serve a similar purpose as accepted bills of exchange. Essentially, a promissory note acts as a legally binding promise to repay a debt and is a common tool in various financial transactions.
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