Simply put, Promissory Notes are another form of cash or money. They are utilised everywhere already – especially by banks and large corporations, when you take out loans. Bank notes are also Promissory Notes.
But one of the best kept secrets is that individuals can make their own Promissory Notes!
Get the Keep It Simple Promissory Notes information sheet here. It covers all the basics you need to know about Promissory Notes – what they are, who can use them, and in which circumstances. Part of our “Keep It Simple” information series.
Also see our Banking Fraud videos page for further information about the financial system.
Part of our Keep It Simple Series of information guides. For entertainment and educational purposes only. Please do your own research. All Rights Reserved. Errors and Omissions Excepted.