Definition: A promissory note is a written contract that includes a specific promise to pay. The promissory notes includes the interest rate, repayment schedule, and consequences of default.
promissory note
By LaToya Irby, About.com Guide
See More About
Top Related Searches repayment schedule written contract promissory notes promissory note interest rate consequences
Explore Credit / Debt Management
- About.com
- Money
- Credit / Debt Management
- Credit 101
- Glossary
- O-R
- Promissory Note Definition - What is a Promissory Note