A promissory note that states it is payable within ninety days represents an ex?tension of credit by the holder to the debtor.

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A promissory note is a written promise to pay a specific amount of money on a specific date or within a specific period. If the note states that it is payable within ninety days, it means that the holder is extending credit to the debtor for that period.

A Promissory Note That States It Is Payable Within Ninety