Електронний багатомовний

термінологічний словник

Electronic Multilingual Terminological Dictionary


Economics

Promissory notes (bill of exchange) mark

A bill of exchange mark is one of the mandatory requisites of a bill of exchange under the Uniform Law on Bills of Exchange and Promissory Notes, which is Annex No. 1 to the Geneva Conventions of June 7, 1930. It is displayed in the name "promissory note," included in the document's text in the language in which the promissory note was drawn up.

To make it challenging to convert a non-promissory note obligation into a promissory note, the word "promissory note" is indicated twice: in the upper left corner and the text of the document, for example, with the words "pay against this promissory note...", "pay against this promissory note..."[Ivasiv:286].
A promissory note is a written agreement regarding borrowed money. It's a promise to pay, and it should contain the terms of the agreement as to how this will be done.
A promissory document identifies the terms of a loan agreement, the lender, and the borrower. It cites how much money is being borrowed and the frequency and amount of required payments. A promissory note should also indicate the interest rate being charged and the collateral if any. It should include the date and place where the note was issued. It should also include the signature of the borrower[Weintraub].

Sources:

Ivasiv, I. (2008). Банківські операції: Підручник 3-тє вид. Kyiv:KNEU

Weintraub, E. (2022). What is a promissory note? The Balance. Retrieved from: https://www.thebalancemoney.com/promissory-note-1798611

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