A promissory note is an unconditional written promise by one party to pay money to another party.

Name: A promissory note is an unconditional written promise by one party to pay money to another party.
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A promissory note is a legally binding contract in which the maker of the note promises to pay a certain amount of money to the payee at a specified time or on demand. It is an unconditional promise because it is not dependent on any other event or condition.

A Promissory Note Is an Unconditional Written Promise by One