What is another word for redemption of promissory note?
Pronunciation: [ɹɪdˈɛmpʃən ɒv pɹˈɒmɪssəɹˌi nˈə͡ʊt] (IPA) 
Redemption of promissory note refers to the process of paying off a debt obligation. Essentially, it means fulfilling a promise to repay a loan or any amount borrowed by an individual or entity. There are several synonyms for redemption of promissory note, including debt repayment, loan settlement, loan repayment, and loan clearance. The act of redeeming a promissory note indicates that the borrower has fulfilled their obligation and paid off the loan in full. It is a critical process that allows individuals, businesses, and organizations to maintain positive credit scores and build trust with lenders and creditors. Overall, redemption of promissory note is an essential financial transaction that ensures both parties fulfill their obligations and maintain healthy financial relationships.
