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  2. Mortgage note: What is it and how does it work? - AOL

    www.aol.com/finance/mortgage-note-does-211132255...

    The mortgage promissory note includes the borrower’s “promise to pay” the loan. It also lists the consequences should the borrower pay late or miss a payment, along with: Amount you’re ...

  3. Loan agreement - Wikipedia

    en.wikipedia.org/wiki/Loan_agreement

    Loan agreements are documented via their commitment letters, agreements that reflect the understandings reached between the involved parties, a promissory note, and a collateral agreement (such as a mortgage or a personal guarantee). Loan agreements offered by regulated banks are different from those that are offered by finance companies in ...

  4. 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), either at a fixed or ...

  5. 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]

  6. Due-on-sale clause - Wikipedia

    en.wikipedia.org/wiki/Due-on-sale_clause

    A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance of the loan may be called due (repaid in full) upon sale or transfer of ownership of the property used to secure the note. The lender has the right, but not the obligation, to call the note due in such a circumstance.

  7. Student Loan Promissory Note: What to Know - AOL

    www.aol.com/news/student-loan-promissory-note...

    When you sign a student loan contract, known as a promissory note, you agree to all of the terms and conditions laid out by the lender. As with any legally binding document, it's important to read ...

  8. Installment note - Wikipedia

    en.wikipedia.org/wiki/Installment_Note

    An installment note is a form of promissory note calling for payment of both principal and interest in specified amounts, or specified minimum amounts, at specific time intervals. This periodic reduction of principal amortizes the loan .

  9. Mortgage note - Wikipedia

    en.wikipedia.org/wiki/Mortgage_note

    In the United States, a mortgage note (also known as a real estate lien note, borrower's note) is a promissory note secured by a specified mortgage loan.. Mortgage notes are a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise.

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