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A personal loan agreement is a legally binding document that outlines the terms and conditions of a loan between two parties: the lender and the borrower. Whether you're lending money to a friend,...
A 1926 promissory note from the Imperial Bank of India, Rangoon, Burma for 20,000 rupees plus interest. A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or ...
Term sheet. A term sheet is a bullet-point document outlining the material terms and conditions of a potential business agreement, establishing the basis for future negotiations between a seller and buyer. It is usually the first documented evidence of a possible acquisition. [1] It may be either binding or non-binding.
Susu (informal loan club) A susu or sou-sou or osusu or asue (also known as a merry-go-round, [1] Partner, or Pawdna in Jamaica; [2] sol in Haiti; [3], san in Dominican Republic, [4] and Njangi in Cameroon [5]) is a form of rotating savings and credit association, a type of informal savings club arrangement between a small group of people who ...
A service-level agreement (SLA) is an agreement between a service provider and a customer. Particular aspects of the service – quality, availability, responsibilities – are agreed between the service provider and the service user. [ 1 ] The most common component of an SLA is that the services should be provided to the customer as agreed ...
A contractis an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves consent[1]to transfer of goods, services, money, or promise to transfer any of those at a future date. The activities and intentions of the parties entering into a contract may be referred ...
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