Wednesday, December 16th, 2009
When the borrower and the lender want to keep the repayment schedule simple, a Lump-Sum Payment Promissory Note may fit their needs. With this type of Promissory Note, the borrower won't make monthly or yearly installment payments. The principal and the interest is payable in a single payment ...
Posted in Promissory Note Lump-Sum |
No Comments »
Wednesday, November 25th, 2009
The Promissory Note - Lump Sum Payment With Interest is used when the borrower can't afford to make monthly payments to repay the principal for a period of time.
There are two options to pay the interest with this note: one that allows the borrower to repay the principal and all ...
Posted in Promissory Note Lump-Sum |
No Comments »