Day: April 13, 2021

Invest in real estate using unsecured convertible promissory note

Is an unsecured promissory note considered a security? In general, under securities laws, debentures are defined as securities, but bonds with a maturity of 9 months or less are not securities. … The U.S. Supreme Court in Reves acknowledges that most banknotes are not actually securities. What happens if I dont pay my promissory note? …

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