A promissory note is a legal document representing a binding contract in which one party loans a fixed amount of money to another party. The document contains the loan's repayment schedule, any ...

Notes payable are a formal agreement to repay a debt, explains Accounting Coach. Generally, you couple a note with periodic interest payments paid to the granter as compensation for lending the money.

Castellum, Inc. Reduces Principal Balance by $2 Million on Notes Payable Castellum, Inc. (NYSE-American: CTM) (“Castellum” or “CTM”) entered into an amendment to a letter agreement to ...