What is a promissory note?
A "gentleman's agreement" to pay for products which were shipped on faith that the payment would be forthcoming
A short-term loan which uses accounts receivable as collateral for a loan
An agreement signed by the buyer stating when and how much money will be paid to the seller in return for immediate credit
The requirement for a firm to maintain a certain amount of funds on deposit with the lending bank
The right given to a bank to seize certain assets if payment is not made when due

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The Answer of What is a promissory note?
A "gentleman's agreement" to pay for products which were shipped on faith that the payment would be forthcoming
A short-term loan which uses accounts receivable as collateral for a loan
An agreement signed by the buyer stating when and how much money will be paid to the seller in return for immediate credit
The requirement for a firm to maintain a certain amount of funds on deposit with the lending bank
The right given to a bank to seize certain assets if payment is not made when due

What Is a Promissory Note