A promissory note is an unconditional written order by one party (the drawer)that orders a second party (the drawee)to pay money to a third party (the payee).

Name: A promissory note is an unconditional written order by one party (the drawer)that orders a second party (the drawee)to pay money to a third party (the payee).
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A promissory note is a written promise by one party to pay a specified sum of money to another party, not an order to a third party.

A Promissory Note Is an Unconditional Written Order by One