Archive for March, 2010
Tuesday, March 9th, 2010
A Promissory Note for Interest Only Payments allows the borrower to make payments against interest only until the end of the loan term when the principal is due. The note should state the interest rate and payment schedule of interest, i.e., monthly payments due on the 15th day of ...
Posted in Promissory Note Interest-only |
No Comments »
Tuesday, March 2nd, 2010
What is a convertible promissory note?
It is a kind of a promissory note that can be converted by the note-holder into financial assets (financial conversion) or something physical such as gold or cash (physical conversion) at any time. Like other promissory notes, it can bear interests and be payable ...
Posted in Promissory Notes for Business |
No Comments »