A promissory note is a financial and legal instrument through which one party agrees (or promises) to pay another party a sum of money that's comprised of two pieces: principal and interest. These ...

Cash might be considered king, but it isn’t realistic to pay cash for every purchase in your life, such as buying a home or paying for a large renovation project. When buying a house, you may want to ...

Promissory notes are used in a variety of transactions and can be used by small business owners to fund business activities. If your lender requires you to sign the promissory note in your own name, ...

A promissory note is a mortgage document promising to pay back a lender under certain terms. The note includes information such as how much you're borrowing and the mortgage interest rate. The lender ...

When you start a business or begin expanding, you typically need financing. You can contribute savings to your business, obtain a loan from a bank or use credit cards. To protect your personal assets ...

Q: Is a promissory note better than a land installment contract? A: A land installment contract is a procedure whereby the property owner enters into a contract with a potential buyer. The buyer ...

Andrew Ancheta is a finance editor who has reported extensively on cryptocurrency, NFTs, economics, and history. He previously worked as an editor for China Daily. Anthony Battle is a CERTIFIED ...