Specification :

Promissory Note Serie D - PT. Exist Assetindo
A promissory note, referred to as a note payable in accounting, or commonly as just a " note" , is a negotiable instrument, wherein one party ( the maker or issuer) makes an unconditional promise in writing to pay a sum of money to the other ( the payee) , either at a fixed or determinable future time or on demand of the payee, under specific terms. They differ from IOUs in that they contain a specific promise to pay, rather than simply acknowledging that a debt exists. In common speech, other terms, such as " loan, " " loan agreement, " and " loan contract" may be used interchangeably with " promissory note" but these terms do not have the same legal meaning. Whereas a promissory note is evidence of a loan, it is not the loan contract, which would contain all the terms and conditions of the loan agreemen