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Promissory Note
A financial instrument that contains a written promise to pay a specified sum of money to another party at a determined future date or on demand.
Interest Revenue
Income earned from investments, such as savings accounts, bonds, or loans, calculated as a percentage of the principal sum.
Maturity Date
The specified date on which the principal amount of a financial instrument, such as a bond or loan, becomes due and payable.
Promissory Note
An economic vehicle that holds a firm promise made by one individual to another, obligating the former to deliver a certain amount of money, either when asked or at a future time that has been set in advance.
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