Kristy York February 20, 2020 Promissory Note
Myth Buster: Lots of self-described note experts and teachers never have been, and now in the note business. They have been actually in the company of selling instruction. They describe themselves experienced experts to produce the sale. Some real credentials.
A convertible note is debt instrument, somewhat like a bond might be substituted into equity (common stock) at a future date. The conversion feature could be mechanism by which debt (the note) will convert equity (fresh for the investor) upon the next event.
While the idea of promissory note has likely been in existence since the of money (if not before), the promissory note itself from the 10th century. It's still an extremely simple contract-or at least, it could be. The theory the same, one party promises to repay a debt to a different party for prior value received. Now's promissory notes contain several elements, including the parties-the who the debt called the producer, the lending bash may be the payee-the sum to be repaid, the of repayment, and the interest (if applicable), and also the maturity day.
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