Can anyone help explain an adjustable promissory note to me?

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November 24, 2020

by a searcher from New Mexico State University - College of Business in Denver, CO, USA

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Reply by an intermediary
from Naval Postgraduate School in Bellevue, WA, USA
The term "Adjustable" promissory note can have multiple meanings. My experience is that it is another form of an earnout wherein the seller provides a promissory not of X but there are conditions related to the terms than can make the principal amount decrease or increase
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Reply by a searcher
from Princeton University in Annandale, Clinton Township, NJ, USA
As ^redacted‌ points out, there could be multiple meanings. If you want to discuss, DM me and we can set up a time to chat.
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