Although it may appear on different types of documents, the term "payable on demand" almost always is associated with promissory notes. As the words imply, the term means a debt must be paid when the ...

At some point in the life of your business, you will likely need to borrow money -- particularly if you need to buy new equipment or inventory. Loans from banks or other institutional lenders are ...

Cash might be considered king, but it isn’t realistic to pay cash for every purchase in your life, such as buying a home or car or paying for a large renovation project. Those are all instances when ...