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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), either at a fixed or ...

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

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

    A mortgage note comes with a promissory note, which is the borrower's promise to repay the loan. ... For an example of a mortgage promissory note, refer to this template from the U.S. Department ...

  4. 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.

  5. Tangible property - Wikipedia

    en.wikipedia.org/wiki/Tangible_property

    Principally, these are documentary intangibles. For example, a promissory note is a piece of paper that can be touched, but the real significance is not the physical paper, but the legal rights which the paper confers, and hence the promissory note is defined by the legal debt rather than the physical attributes. [1]

  6. Mortgage burning - Wikipedia

    en.wikipedia.org/wiki/Mortgage_burning

    Mortgage burning was a twentieth-century custom in the United States of America (U.S.A.) that was the ritual incineration of the promissory note (mortgage) upon satisfaction of the payment schedule by the purchaser (debtor, or mortgagor). This ritual was performed to celebrate the release of the debtor from further payment obligations, and was ...

  7. Cheque - Wikipedia

    en.wikipedia.org/wiki/Cheque

    A sample cheque issued by UCO Bank in India Cheques were first used in India by the Bank of Hindustan, the first joint stock bank established in 1770. In 1881, the Negotiable Instruments Act (NI Act) [ 55 ] was enacted in India, formalising the usage and characteristics of instruments like the cheque, the bill of exchange, and promissory note.

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