Examlex
A business owned by two or more individuals whose personal possessions are at risk if the business fails is called a:
Promissory Note
A financial document in which one party promises to pay another party a specified sum of money at a defined future point in time or on demand.
Honors a Note
This refers to the action of fulfilling the obligations outlined in a promissory note, typically by repaying the principal and interest by the due date.
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