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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.
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Promissory Note: A Comprehensive Guide to Written Promises to PayThe 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).
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.
Your promissory note can be a standalone ... at a future point in time or on demand. For example, you can make the payments interest-only with a balloon -- a lump sum payment-- at the end.
Sonoma County essentially inherited the promissory note as the successor agency ... The county’s June 11 letter follows a May 7 demand letter calling for payment of the loan and a Jan. 12 ...
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