MLchartDataset catalogue

Promissory note

Term · Law · MLC-T-LAW-003962

A written promise by one party to pay a definite sum of money to another party, either on demand or at a specified future date. This legally binding instrument outlines the principal amount, interest rate, maturity date, and terms of repayment. It serves as a negotiable instrument under the Uniform Commercial Code in the United States.

Table 1. Record
IdentifierMLC-T-LAW-003962
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003962",
  "term": "Promissory note",
  "field": "Law",
  "definition": "A written promise by one party to pay a definite sum of money to another party, either on demand or at a specified future date. This legally binding instrument outlines the principal amount, interest rate, maturity date, and terms of repayment. It serves as a negotiable instrument under the Uniform Commercial Code in the United States.",
  "url": "https://mlchart.com/terminology/law/promissory-note/"
}

Record 4,002 of 5,439 in Law terminology (MLC-0107). Request the full dataset.