The days when cash, a cheque or a promissory note were the only methods of payment have passed. |
However, when you take a loan, the loan amount will be treated as an asset in the plan, as it will be replaced by your promissory note. |
The promissory note is a convenient tool, an additional guarantee to the bona fide commercial relationship. |
It was J. S. Woodsworth who cut a deal with King in a letter, a promissory note. |
The plaintiff advanced money and was issued a promissory note signed by the accountant and an associate. |
BankCo accepted the promissory note and agreed to change the terms of the loan, but at a higher rate of interest. |