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What is a Promissory Note? | Explained with Example | #ytshorts #shorts #finchayat
A Promissory Note is a legal document in which one party (the maker) promises in writing to pay a certain amount of money to another party (the payee) at a fixed or determinable future date. In simple terms — It’s a written promise to repay money! Promissory notes are widely used in loans, business transactions, and financial agreements ...
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