Examlex
Which of the following statements is false?
Maturity Date
The specified date on a financial instrument at which the principal (or final payment) is due to be paid.
Promissory Note
A financial document in which one party promises in writing to pay a determinate sum of money to another party under specific terms.
Principal
The face amount of the note.
Promissory Note
A written promise to pay a specified sum of money to a designated person at a fixed or determinable future time.
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