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 ...

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 ...

Cash might be considered king, but it isn’t realistic to pay cash for every purchase in your life, such as buying a home or paying for a large renovation project. When buying a house, you may want to ...

Promissory notes play a critical role in financial transactions, serving as a written promise from a Borrower to pay a Lender a specified sum of money under agreed-upon terms. Understanding the ...

Under the agreement, Edgemode sold an unsecured, original issue discount promissory note with a principal amount of $81,600. The company received net proceeds of $60,000, after deducting $8,000 paid ...