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Answer Posted / h.r. sreepada bhagi
Promissory Note is a Negotiable Instrument - It's a promise
in written by a party (Maker or Issuer) to pay a certain sum
of money to another party on a certain date or time to be
determined later. Payment may be voluntary or on demand by
the payee or the holder in due course.
Good example of a Promissory Note is Currency Note.
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