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Promissory Note শব্দের বাংলা অর্থ: কর্জপত্র
Promissory Note Meaning In Bengali কর্জপত্র
Promissory Note
কর্জপত্র, প্রত্যর্থপত্র, কোম্পানির কাগজ,
Definition
1) A promissory note is a written promise made by one party to pay a specific sum of money to another party at a specified future date or on demand.
2) It is a legal document that outlines the terms of a loan or payment agreement, including the principal amount, interest rate, repayment schedule, and any other terms and conditions.
3) A promissory note serves as evidence of a debt and is typically used in business transactions, personal loans, and real estate transactions to formalize the lending arrangement between parties.
Examples
Promissory Note Example in a sentence
1) A promissory note is a written promise to repay a debt by a specific date.
2) The borrower signed a promissory note agreeing to pay back the loan with interest.
3) The promissory note outlined the terms of the repayment agreement between the two parties.
4) Lenders often require borrowers to sign a promissory note before releasing funds.
5) Failure to repay a promissory note on time can result in legal consequences.
6) The promissory note clearly stated the amount borrowed and the repayment schedule.
7) Before lending money to a friend, it's essential to establish a promissory note to protect both parties.
8) The bank requested a promissory note as collateral for the business loan.
9) The promissory note served as evidence of the financial transaction between the borrower and lender.
10) It's important to read and understand all the clauses in a promissory note before signing it.
Part of Speech
Promissory Note (Noun.)
Synonyms
Promissory Note , Bond - (NOUN) কর্জপত্র
Promissory Note , Promossory Notes - (SYNONYM) প্রত্যর্থপত্র
Promissory Note , COMPANY''S PAPERS , COMPANY''S SECURITIES - (SYNONYM) কোম্পানির কাগজ
Encyclopedia
A promissory note is a written promise made by one party to pay a specific sum of money to another party at a specified future date or on demand.
It is a legal document that outlines the terms of a loan or payment agreement, including the principal amount, interest rate, repayment schedule, and any other terms and conditions.
A promissory note serves as evidence of a debt and is typically used in business transactions, personal loans, and real estate transactions to formalize the lending arrangement between parties.
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