A promissory note is the document signed when a bank loan is executed, and it specifies financial aspects of the loan.

Name: A promissory note is the document signed when a bank loan is executed, and it specifies financial aspects of the loan.
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A promissory note is a legal document that outlines the terms and conditions of a loan agreement, including repayment terms, interest rates, and consequences for defaulting on the loan. It is signed by the borrower and lender at the time of loan execution.

A Promissory Note Is the Document Signed When a Bank