What Is The Difference Between A Promissory Note And An Interim Promissory Note?
I just need an answer to my question
1 Answer - Sort by: Date | Rating
A promissory note is a type of accounts payable. It is a contract that entails the terms and conditions of a promise by a party to pay a certain sum of money to the other party in exchange of a good or service. The terms specify a maturity period along with the principal amount and interest rate. Interim promissory note does not carry a specific maturity date. They have to be paid upon demand by the lender. It is also called as a Demand Promissory note. For reference see the link below:
en.wikipedia.org
en.wikipedia.org
1
0
- What's Difference Between A Few And Few?
- What Are Some Safety Essays?
- What Is The Objective Of Administrative Management?
- How Is Islams Leadership Organized?
- What Can A Manager Do To Increase The Usefulness Of Imperfect Information?
- Who Was A Major R&B Group Or Person In The 70s?
- What Is The Purpose Of Production?
- What Are The Four Basic Types Of Savings Institutions In The US?
- Lateral Or Horizontal Communication Is More Important Today Than Vertical Communication Do You Agree Or Disagree? Justify Your Answer
- What Are The Four Conservation Techniques?
- What Is Leader To Leader Diplomacy?
- What Is The Difference Between Who Or Whom?
- How Does Human Resource Management Affect The Organizations?
- Examples That Compare And Contrast At Least Two Of The Following Eras: Neoclassicism, And Romanticism?
- What Are Safe Working Practices?
- How Would You Encourage And Reinforce Positive Behaviour?
- Identify The Managerial Skills And Roles That Bill Marriott Amphasizes As Chairman If Marriott And Cite Examples What Specific Demand And Constraints Affect The Chairman's Work Flexibility?
- What Is An Example Of Pure Research?
- What Authority Sets Thier Rates?
- How To Conduct Pest Analysis?
- 1. The Acid Test Ratio Does Not Include A. Cash. C. Supplies. B. Accounts Receivable. D. Inventory?
- What Are Costs And Benefits Of Fdi To Host Countries?
- What Are 3 Interrelated Roles For Managers?
- Is Your Permission To Live And Work In The UK Time Limited Or Contingent Upon Your Employment With A Particular Employer?
- What Is The Meaning Evaluation Of Training?
New Comment - Comments are editable for 5 min.