Definition for : Paper promissory note

Paper Promissory note, one of the payment methods, is a written document, in which the customer acknowledges its Debt and undertakes to pay the supplier on the due date. Paper Promissory note is a physical proof of the existence of a receivable in the accounts of a supplier. Also called Promissory note.

(See Chapters Chapter 22 Shares and Chapter 47 Leveraged buyouts (LBOs) of the Vernimmen)

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