Difference between revisions of "Promissory note"

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(Created page with "Promissory note is a formal written promise by a borrower to pay a certain sum at a fixed future date. ==Definitions== According to College Accounting: A Practical App...")
 
 
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According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
:[[Promissory note]]. A formal written promise by a borrower to pay a certain sum at a fixed future date.
 
:[[Promissory note]]. A formal written promise by a borrower to pay a certain sum at a fixed future date.
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According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]],
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:[[Promissory note]]. A document specifying the terms and conditions of a loan, including the amount, interest rate, and repayment schedule.
  
 
==Related concepts==
 
==Related concepts==
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
  
==Related coursework==
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==Related lectures==
 
*[[Principles of Accounting]].  
 
*[[Principles of Accounting]].  
  
[[Category: Accounting]][[Category: Articles]]
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[[Category: International Accounting]][[Category: Articles]]

Latest revision as of 21:19, 28 October 2019

Promissory note is a formal written promise by a borrower to pay a certain sum at a fixed future date.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Promissory note. A formal written promise by a borrower to pay a certain sum at a fixed future date.

According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),

Promissory note. A document specifying the terms and conditions of a loan, including the amount, interest rate, and repayment schedule.

Related concepts

Related lectures