Examlex
Which of the following would be most likely to lead to a decrease in a firm's dividend payout ratio?
Promissory Note
A promise in writing, signed by the maker, to pay a sum certain in money to the person named therein, or bearer, at some fixed or determinable future time, or on demand.
Maker
In finance, the maker is the party that creates or issues a promissory note, thereby agreeing to pay a certain amount of money to a payee at a future date.
Bearer
An individual in possession of an instrument, such as a check or bond, that is not made out to a specific payee.
Certified Cheque
A cheque guaranteed by a bank, indicating that the funds are available and have been set aside for the payee.
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