The Real Estate Encyclopedia
Promissory Note
Category - Real Estate Glossary - Real Estate Terminology
A note that is signed by a borrower at the time of funding indicating a promise to repay the loan under the stipulated terms and where the note is the evidence of the debt and the borrower takes on liability for its repayment and the mortgage is the security.
 
Category(s)
Real Estate Glossary - Real Estate Terminology
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