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Practice and Prepare @ https://www.doorsteptutor.com/Exams/ Lectures on Various Subjects like Science, Social Studies and Humanities subscribe / testprep Examrace Lectures in Hindi subscribe / examracehindi For kids videos nursery to Class 5 subscribe / funprof For Science (Physics, Chemistry, Biology and Mathematics) Class 11-12 and important topics subscribe / doorsteptutor Also visit NCERT Solutions, NIOS @ https://www.flexiprep.com/ IGCSE, A & AS Level @ https://www.examtestprep.com/ A promissory note is a financial instrument that contains a written promise by one party (the note's issuer or maker) to pay another party (the note's payee) a definite sum of money, either on demand or at a specified future date. A promissory note typically contains all the terms pertaining to the indebtedness, such as the principal amount, interest rate, maturity date, date and place of issuance, and issuer's signature. Although financial institutions may issue them (see below), promissory notes are debt instruments that allow companies and individuals to get financing from a source other than a bank. This source can be an individual or a company willing to carry the note (and provide the financing) under the agreed-upon terms. In effect, promissory notes can enable anyone to be a lender Chapters: 0:00 Participatory Notes Versus Promissory Notes 0:24 Promissory Notes 3:58 Industry and the Creditor 4:25 Financial Instrument 4:36 Participatory Notes 5:12 Offshore Derivative Instruments #participatorynotesversuspromissorynotes #promissorynotes #industryandthecreditor #participatorynotes #offshorederivativeinstruments #examrace what is a p-notes, what is promissory notes, about IOU, example of IOU, industry and the creditor of notes, technical example of promissory notes, financial instrument, about participatory notes, #examrace #upsc #ugcnet