Designing Buildings: Created page with "The [https://stats.oecd.org/glossary/ glossary of statistical terms], published by the Organisation for Economic Co-operation and Development (OECD), defines a promissory note as..."

2022-04-13T09:40:24Z

Created page with "The [https://stats.oecd.org/glossary/ glossary of statistical terms], published by the Organisation for Economic Co-operation and Development (OECD), defines a promissory note as..."

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The [https://stats.oecd.org/glossary/ glossary of statistical terms], published by the Organisation for Economic Co-operation and Development (OECD), defines a promissory note as: ‘An unconditional promise to pay a certain sum on demand on a specified due date. Promissory notes are widely used in international trade as a secure means of payment. They are drawn up (issued) by an importer in favour of the exporter. When the latter endorses the note, provided the importer is creditworthy, a promissory note is traded.’

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[[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Promissory note - Revision history

Designing Buildings: Created page with "The [https://stats.oecd.org/glossary/ glossary of statistical terms], published by the Organisation for Economic Co-operation and Development (OECD), defines a promissory note as..."