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Promissory Note
A Promissory Note is a financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.
Simple Interest
Interest calculated only on the principal amount, not on previous interest earned.
Discounted
Refers to the reduction of an item's price or the present value calculations of future cash flows using a discount rate.
Promissory Note
A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.
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