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  2. Promissory note - Wikipedia

    en.wikipedia.org/wiki/Promissory_note

    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), [1] subject to any ...

  3. Negotiable instrument - Wikipedia

    en.wikipedia.org/wiki/Negotiable_instrument

    According to section 4 of India's Negotiable Instruments Act, 1881, "a Promissory Note is a writing (not being a bank note or currency note), containing an unconditional undertaking, signed by the maker to pay a certain sum of money only to or to the order of a certain person or the bearer of the instrument". [14]

  4. Bills of Exchange Act 1882 - Wikipedia

    en.wikipedia.org/wiki/Bills_of_Exchange_Act_1882

    An Act for declaring the law relative to Bills of Exchange and Promissory Notes becoming payable on Good Friday or Christmas Day. The whole act. 9 Geo. 4. c. 24 Bills of Exchange (Ireland) Act 1828: An Act to repeal certain Acts, and to consolidate and amend the laws relating to Bills of Exchange and Promissory Notes in Ireland.

  5. Holder in due course - Wikipedia

    en.wikipedia.org/wiki/Holder_in_due_course

    The rule is particularly problematic in the consumer debt context where a business offers to finance a consumer purchase by accepting a promissory note signed by a consumer for part or all of the balance in lieu of tender of the full cash price, then sells the note to a bank (technically, by selling an assignment of its rights in the note) in ...

  6. Gap financing - Wikipedia

    en.wikipedia.org/wiki/Gap_financing

    However, the promissory note for the gap loan should be predicated on the possibility that the rent-roll requirement may not be met, and the terms should include a period of four to five years beyond the rent-roll requirement period, with a high enough interest rate to prompt the developer to refinance whenever it becomes feasible to do so.

  7. Bearer instrument - Wikipedia

    en.wikipedia.org/wiki/Bearer_instrument

    In the United States, under the Uniform Commercial Code, a negotiable instrument (such as a check or promissory note) that is payable to the order of "bearer" or "cash" may be enforced (i.e. redeemed for payment) by the party in possession. The payee (i.e. the person named in the "pay to" line) may also convert an instrument into a bearer ...

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