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The lender holds onto the promissory note while you pay off your mortgage, but you can request a copy. Once you've made the final payment ... backed by collateral. Demand promissory notes are ...
In some places, the official currency is a form of promissory note called a demand note (one with no stated maturity date or fixed term, allowing the lender to decide when to demand payment).
The first promissory note, in the principal amount of US$250,000, is payable on demand. The second promissory note, in the principal amount of US$750,000, is payable on September 15, 2015.
other repayment methods can also be used for promissory notes. A simple note, for example, settles for one lump sum payment at the end of the duration of the loan. A demand note allows the lender ...
This was an action against the defendants, as indorsers of a promissory note ... notice of presentment, demand, refusal, non-payment and protest was given, that the note was due and unpaid ...
A promissory note is a written agreement by one party to pay a specific sum to another. This payment is due on a fixed or determinable date, or on demand ... per call made or letter sent.
The Holders often agree to make the promissory note because it facilitates the underlying transaction, may be transferred to other people who can then demand payment from the person or entity that ...