Documentation is vital when lending money to people and businesses. A promissory note is an example of such documentation. It is a written promise by the debtor/borrower to pay back a specified amount and any applicable interest fees under defined terms of payment. Examples of payment terms include a predetermined deadline, interest rate, repayment schedule, and payment upon demand condition. …
An authorization letter is a legal document representing another person to perform particular tasks on your behalf. The letter states that the third party has permission to act on your behalf. Still, you will be responsible for those actions and whatever consequences will arise as a result. As such, this authority should only be granted to persons you trust. Since …
Documentation is vital when lending money to people and businesses. A promissory note is an example of such documentation. It is a written promise by the debtor/borrower to pay back a specified amount and any applicable interest fees under defined terms of payment. Examples of payment terms include a predetermined deadline, interest rate, repayment schedule, and payment upon demand condition. …
An Insurance Cancellation Letter is an official document that is written by the person or entity that purchased the coverage policy so as to request their insurance company or insurer to cancel their policy. This correspondence should include the policy number, the specific date, and the reason for the cancellation. You must write this letter if you wish to cancel …
Maintaining proper and accurate records is essential when documenting agreements between lenders and borrowers. They can be even more critical when lending money to family members, friends, and close associates. An IOU form can be a useful tool in these situations, not only providing a clear record of the debt but also helping to establish a timeline for repayment. It …
Contracts are an integral part of our daily lives, encompassing a wide spectrum of agreements ranging from formal written documents to verbal understandings between individuals. In many cases, both parties involved in the agreement have specific obligations that they must fulfill in order to bring the contract to its intended conclusion. However, there are instances when one party fails to …
A doctor’s note is a written confirmation of a person’s medical condition, course of treatment, and/or capacity for a particular activity provided by a licensed physician or other healthcare professional. The note may be required by an employer, school, or other institution to provide evidence of an illness, injury, or other medical condition that may affect an individual’s ability to …
A proof of funds letter is a document that verifies that an individual has enough financial resources to complete a transaction, for example, buying a property or investing in a business. The letter may be issued by a financial institution, such as a bank or a custody agent. Evidence of sufficient funds is usually requested when making a large transaction …
The journal rebuttal response is written by the author of a manuscript when they receive feedback from the editors or reviewers of a scientific journal about their work. The editors or reviewers explain why the article cannot be immediately published and how the manuscript must be revised to be acceptable for publication. A rebuttal letter allows the author to respond …
A proof of income letter, also known as a salary verification letter, is an official document written by an employer to indicate that an individual is currently employed with them and earns a salary. Alternatively, the letter can be used to show that a certain individual has previously worked for you. Such types of documents are frequently used for buying …
A business without proper marketing strategies will likely have to spend more money advertising its products or services than those with them. An affordable way of marketing is through letters, either by mail or email. Marketing letters focus on a customer’s interests and needs. This attracts potential clients and guarantees an increase in loyal customers, which generates more sales. With …
A cash flow statement is an official financial document showing how much cash and cash equivalents (CCE) flow in and out of your business over a specific period. A cash flow statement is one of any business’s three vital financial documents, the other two being an income statement and balance sheet. The statement documents all the sources of revenue and …
A schedule is designed to help you plan your day or week better. It is used in everyday life to ensure that you complete your tasks on time. You can also schedule your sleep, exercise, and diet since they are essential parts of your life. Scheduling is essential, especially when you have many responsibilities to take care of in a …
A grantee will need a warranty deed if they plan to buy a land or a real estate property. After purchasing a property, the buyer will be given documentation to show that they are the new legal and rightful owner of the property. With a warranty deed, the property owner can do anything to or with the property as long …
When it comes to your properties and assets, you must find a way to express your final wishes regarding your estate. After your death, it is typical for your family and friends to get entitled to your possessions. Therefore, everyone will want to get a share of the assets you might have left behind after your demise. In most cases, …
For every business, making the right purchases and keeping good inventory records are crucial to running a smooth and profitable business. However, buying the wrong goods or making costly mistakes can be accessible without a purchase order system. Inaccurate or inadequate records can also make tracking your inventory challenging, potentially resulting in out-of-stock situations or lost sales. Without it, you …