Friday, March 22, 2024 10:24:53 AM
FYI. again, the one or person or business that provides a promissory note to the other party is the borrower or the party that owes the funds. The party that is receiving the funds like Astra is for the entire $5,000,000.00 plus interest is NOT the one providing a promise to pay or promissory note. Let's make it very simple for you with less zeros on an example you may understand.
So, you need a new double wide trailer because a tornado blew it away while you were at Dollar General. You go to your local trailer dealer and agree on $50K for a trailer. You only have $10K available from a lucky Lotto ticket you purchased at redneck Liquors store, but you show them a slip and fall settlement arriving in 6 months for $40K from falling in Mc Donalds 2 years ago. They take your $10K and you provide a promissory note to them for the $40K balance so you and your first cousin with your 2 kids and 4 Pitbull dogs can live happy thereafter. You get it now. I hope so, you are the only one that I met over 18 that cannot understand basic finance terms, or you got very serious issues needing help reposting the same lies over and over.
Typically, there are two parties to a promissory note: The promisor, also called the note's maker or issuer, promises to repay the amount borrowed. The promisee or payee is the person who gave the loan.
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