What is the meaning of Promissory Note?

Subtopics: PN 

Promissory Note is a legally binding agreement that a borrower signs to obtain a federal or alternative loan, in which the borrower agrees to repay the loan, with interest, in periodic installments. The agreement also includes information about any grace period, deferment, or cancellation provisions and the student's rights and responsibilities with respect to the loan.

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APABarry Goldsmith. (2010). promissory note. Retrieved September 21, 2026, from http://smartdefine.org/promissory_note/definitions/1161334
ChicagoBarry Goldsmith. 2010. "promissory note" http://smartdefine.org/promissory_note/definitions/1161334 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, promissory note, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/promissory_note/definitions/1161334>.
MLABarry Goldsmith. "promissory note" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/promissory_note/definitions/1161334>
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