Elva Lyons February 18, 2020 Promissory Note
Installment Payments with Interest: this sort of repayment known as amortized payments and allows Borrowers to pay a set amount every month for a certain time period. A portion of the payment is applied toward the first and the remainder is applied toward the interest. This type of repayment is when borrowing money to get automobile, home or small business loan.
What is a convertible promissory note? The conversion feature could be that the mechanism by which debt (the ) will convert equity ( shares for the investor) another event.
benefit to the issuing , which could be smaller and not as based companies, is they would need to pay a prohibitive Interestrate to issue a bond. Issuing debt since a convertible lower interest rates to money they would.
There are primary components:
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