Promissory Notes |
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A promissory note is an irrevocable undertaking to pay a fixed amount at some pre-determined date in the future ...
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It can be used by a vendor, say, to offer extended payment terms to a customer who may not have the necessary purchasing budget at that time but wishes to defer payment into a new financial period. The supplier would be able to re-finance the promissory note with Capitas and obtain day-one revenues without the need to have an extended debtor on the balance sheet. |
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