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 ...

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 ...

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 ...

At some point in the life of your business, you will likely need to borrow money -- particularly if you need to buy new equipment or inventory. Loans from banks or other institutional lenders are ...

A promissory note is a formal lending document that outlines the terms of a loan agreement and confirms the borrower's commitment to repayment. Promissory notes should contain the parties involved, ...

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 ...