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As a document of title that is sometimes used to obtain payment or a promise of payment. this document is known as promissory note.
What is a promissory note?
A promissory note, also known as a note payable, is a legal instrument (specifically, a financing instrument and a debt instrument) in which one party (the maker or issuer) promises in writing to pay a certain sum of money to the other (the payee), either at a fixed or determinable future time or on the payee's demand, subject to certain terms and conditions.
Promissory notes are a common financial instrument in many jurisdictions, primarily used for short-term financing of businesses. Frequently, the seller or provider of a service is not paid upfront by the buyer (usually another company), but rather over a period of time agreed upon by both the seller and the buyer.
So, the required answer answer is promissory note.
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