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a promissory note can best be described as
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Asked 8/28/2013 8:44:24 PM
Updated 6/21/2014 11:00:51 AM
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User: a promissory note can best be described as





Weegy: a promissory note can best be described as answer:A promissory note is a legal instrument (more particularly, a financial instrument), [ in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms. If the promissory note is unconditional and readily salable, it is called a negotiable instrument.[ source: ]
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Question
Asked 8/28/2013 8:44:24 PM
Updated 6/21/2014 11:00:51 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by emdjay23 [6/21/2014 11:00:43 AM]
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A promissory note can best be described as: an interest-bearing IOU.

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Added 6/21/2014 11:00:51 AM
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