Question

A signed document containing a written promise to pay a stated sum to a specified person/institution or the bearer at a specified date is known as what...? Promissory Note Acceleration Clause Release Clause Mortgage

Answer 1

Promissory Note.

Step-by-step explanation:

A signed document containing a written promise to pay a stated sum to a specified person/institution or the bearer at a specified date is known as promissory note.

A promissory agreement can be defined as an evidence of a debt and as such involves the use of a legal financial tool such as a promissory note as a written promise to declare that a party (borrower) would pay another (lender) at a specific period of time.