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Promissory note, solo bill

Term meaning Promissory note, solo bill

a written promissory note of a strictly prescribed form, issued by the borrower and giving the holder of the bill of exchange the indisputable right to demand from the debtor the payment of the indicated amount upon the expiration of the bill; the payer is the drawer himself. Mandatory signs of P.v. are: 1) the name "bill" in the text of the document; 2) an unconditional order to pay a certain amount of money; 3) name of the payer; 4) indication of the term and place of payment; 5) the date and place of drawing up the bill; 6) the signature of the drawer. The absence of any of the signs deprives the document of the force of the bill.

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