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Financial Instrument

2 Posts
1 Sections
1 Types

January 1, 1 6 min read Definitions

Note

Note Debt Acknowledgment Financial Instrument Mortgage Home Purchase Security Default Loan Agreement

A Note is a financial instrument that acknowledges a debt and provides a promise to pay. It often accompanies a mortgage, pledging property as security for the debt.

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January 1, 1 6 min read Definitions

Promissory Note

Promissory Note Financial Instrument Debt Agreement Lending Borrowing Legal Document Payment Obligation Credit

A promissory note is a financial instrument that contains a written promise by one party to pay another party a definite sum of money, either on demand or at a specified future date.

Read more about Promissory Note.