Everyone likes to collect the money owed to them. This is why banks use promissory notes when extending you a mortgage or car loan. The promissory note is basically an "I Owe You" with an official ...

Cash might be considered king, but it isn’t realistic to pay cash for every purchase in your life, such as buying a home or paying for a large renovation project. When buying a house, you may want to ...

You have to spend money to make money, as the old saying goes. But sometimes you have to borrow money to spend money, too. “It’s really the most important legal document that establishes the ...

Quite simply, a promissory note is a promise to pay or IOU. It is a formal commitment (also known as a loan agreement or contract) between two parties that is usually necessary when money is borrowed ...

Q: Is a promissory note better than a land installment contract? A: A land installment contract is a procedure whereby the property owner enters into a contract with a potential buyer. The buyer ...

Small businesses frequently borrow money, or extend credit, in the course of their operations. A promissory note is the document that sets forth the terms of a loan's repayment. A promissory note can ...