Even if the note has a maturity date, it is actually called a soft maturity.
See also edit References edit a b Larson, Aaron.
For example, a promissory note may be used in combination with a mortgage, in which case it is called a mortgage note.
The Knights Templar : the history and myths of the legendary military order (1st Thunder's Mouth Press.)."Ancient Roman IOUs Found Beneath Bloomberg's New London HQ".Cinquena Edició 1989, plana 172.If you cant pay off the entire obligation by maturity, you will have to make alternate arrangements with your lender.A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financial instrument and a debt instrument in which one party (the maker or issuer ) promises in writing to pay a determinate sum of money to the other."Promissory Notes: Not Your Average IOU".quot; in Catalan Onorables senyors, nosaltres havem pres ací en Monsó, C florins de cambi de mossén Manuel d'Entença., vos plàcia complir e donar aquí en València, per ell al honrat En Bernat de Codinachs, vista la present.Western State University Law Review.Promissory Note, written promise to pay a certain sum at a fixed or determinable future time.Convention providing a uniform law for bills of exchange and promissory notes, but regional variations exist.
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.
The date on which a loan, mortgage, bond, etc.
17 18 There is evidence of promissory notes sex dates in michigan being issued in 1384 between Genoa and Barcelona, although the letters themselves are lost.1 A promissory note is very similar to a loan.The note serves as the contract between you and the lender.Retrieved b c Whaley.Payee, person receiving note, proceeds, principal-DiscountProceeds in Discounting a Note Payable.Retrieved 19 September 2012."La primera Letra de Cambio".