NEND
  • Introduction
    • What is NEND?
    • Opportunities by NEND
    • Guides
      • Connect A Wallet
        • Set up a Metamask Wallet
      • Stake Your Assets
      • Sell EABs(Escrowed Asset-Backed Bonds)
      • Bond Your Assets
      • Create NFTs with your verified RWA
      • Trade RWA in the form of NFT
      • Join Curation
      • Borrow Against Your Assets
      • Lend Your Assets
      • Sell Trust Deeds
      • Sell Promissory Notes
      • Transfer NEND & VPC through Cross-chain Bridge
      • Participate in DAO Proposal
  • Protocol Overview
    • RWA Tokenization
    • Trading Tokenized Assets
    • Leveraged RWA-Backed Lending
    • Lending Pool Staking
    • Refinancing / Monetizing
    • Bonding
  • Products
    • Staking
      • EAB(Escrowed Asset-Backed Bond)
    • Borrowing
      • Trust Deed
      • Borrower Default
      • Liquidation
    • Leveraged Lending
      • Promissory Note
      • Extra Safety Measures
    • Curation
    • Bonding
  • Tokens
    • NEND
    • Voting Power Card
    • Trust Deed
    • Promissory Note
    • EAB(Escrowed Asset-Backed Bond)
  • Additional Resources
    • Pitch Deck
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Promissory Note

PreviousLeveraged LendingNextExtra Safety Measures

Last updated 7 months ago

Lenders will receive 'a promissory note’ when they lend to borrowers.

A promissory note represents the right that the lender will get paid back the principal plus interest after a certain period and receive the RWA in case of the foreclosure of the loan.

Promissory notes can be sold on the market with/without a discount.

The buyer of the promissory note takes the position of the lender. Thus, he will be repaid the principal plus interest by the borrower before the payout date or he may have a chance to claim the RWA in case the borrower doesn't repay the debt.