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Paid Note
A paid note is a promissory note that has been fully repaid by the borrower, signifying the end of the loan agreement.
Dishonored Note
A promissory note that has not been paid by the maker at its maturity date.
Promissory Note
A written, unconditional promise by one party to pay a certain sum of money to another party at a specified date or on demand.
Amount Due
The total sum of money owed to a creditor by a debtor at a specific date.
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