Promissory Note: Canada Debt .ca defines Promissory Note

Bankruptcy Term Promissory Note

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Canada Debt has the definition to the bankruptcy and debt term Promissory Note. Finding answers to terms such as Promissory Note can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Promissory Note in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Promissory Note' is used as follows:

An unconditional, written, signed promise to pay a certain amount of money on demand or at a certain date defined in the future.