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Promissory Note

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image for OpenScout resource :: Promissory Note

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A promissory note is a written agreement from one party to another that promises the payment of a specific amount of money on a specified date. A promissory note is an alternative means of obtaining credit that is not widely used; it is more common to obtain business credit through an open account with a line of credit.

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Copyright © 2011 Advameg, Inc.