A promissory note is a financial and legal instrument through which one party agrees (or promises) to pay another party a sum of money comprised of two parts: principal and interest. These handy ...

You have to spend money to make money, as the old saying goes. But sometimes you have to borrow money to spend money, too.

A promissory note formalizes a loan agreement. In the mortgage world, it explains the terms of your mortgage loan, including ...

That's, in essence, what you're doing with the Master Promissory Note." Key things the MPN covers "The MPN will list a wide variety of details, everything from how your loan's interest will accrue ...