Your guide to promissory notes
Your guide to promissory notes
- August 14, 2023
- Bill Maurer, anthropology and law, U.S. News & World Report, Aug. 14, 2023
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“A promissory note is basically an IOU,” says Bill Maurer [dean and professor], director of the Institute for Money, Technology and Financial Inclusion at the University of California, Irvine. “It’s a written statement of a promise to pay a specific sum of money by a specific time. Think of it as an IOU that’s legally enforceable.”
For the full story, please visit https://money.usnews.com/loans/personal-loans/articles/your-guide-to-promissory-notes.
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