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 financial instrument in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to another (the payee), subject to any terms and conditions specified within the document.

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