What is the meaning of a promissory note?

Answer Most lenders use some form of legal note to ensure repayment of loans. One of these is called a promissory note. For college students who use loans for their education, most lenders require a promi... Read More »

Top Q&A For: What is the meaning of a promissory note

Is a promissory note a promissory estoppel?

Promissory estoppel is not a promissory note. Promissory estoppel occurs when a person relies on a promise and has an economic detriment due to the reliance on the promise. Due to the reliance on t... Read More »

What is a promissory note?

A promissory note is a promise to repay a debt, according to The note details the date that payments are due, along with specific terms agreed upon by the parties involved.The Basics... Read More »

What is a convertible promissory note?

Convertible promissory notes are interest-bearing notes that can be converted by the holder to cash, gold or other financial assets at any time. These types of notes are often used by companies to ... Read More »

What can void a promissory note?

A promissory note is generally void once the loan has been repaid in full or as agreed. The lender or judge, not the borrower, has the legal right to void a promissory note before the note expires ... Read More »