Term: Promissory Note 

A written promise from a borrower to a lender in a legally binding document, where the borrower promises to pay the lender a specific amount under agreed-upon terms.  

Articles relating to Promissory Note:  

Using Personal Property to Further Secure Your Real Estate Loan

Real estate professionals that have been in the industry for more than a few years know that interest rates and property values are cyclical. The current point in the cycle …

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