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iragen [17]
3 years ago
12

A promissory note: Multiple Choice Is a short-term investment for the maker. Cannot be used in payment of an account receivable.

Is another name for an installment receivable. Is a liability to the payee. Is a written promise to pay a specified amount of money at a certain date.
Business
1 answer:
Nuetrik [128]3 years ago
3 0

Answer:

A promissory note Is a written promise to pay a specified amount of money at a certain date

Explanation:

A promissory note is a financial documents containing a written promise by one party, that is the issuer of the document or note to pay another party a particular amount of money, when it is demanded or at a particular date in the future. Such a note contains all the terms that has to do with the indebtedness, like the principal, interest rate, maturity date, the date the note was issued and signatures.

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