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Promissory Note
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What Is A Promissory Note?
A promissory note is a signed promise regarding a financial matter. A promissory note is commonly used in loans and in purchasing large or expensive items on credit, such as a car. 2 A promissory note should include the names of the parties involved, the amount that should be paid back, and the payment arrangements. It should also be signed and dated by the person who will pay back the money.
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