Extract text from PDF Unsecured Promissory Note

Aug 6th, 2022
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Simple guide on the way to Extract text from PDF Unsecured Promissory Note

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How to Extract text from PDF Unsecured Promissory Note

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The speaker is experimenting with writing a regex code in Python to capture specific text patterns. They aim to extract lines that may have variable characters at the beginning, followed by two sets of six-digit numbers, two sets of decimal numbers (each with exactly two digits after the decimal), and potentially commas along with a description at the end. The text may include various characters, digits, or spaces before and after the elements they want to capture. The desired output is a named tuple called "invoice," which will contain fields for invoice date, due date, invoice amount, and amount description. The speaker expresses hope for better results this time compared to a previous attempt.

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Unsecured promissory notes are promises that a borrower will pay back a lender a certain amount. The promises made in these notes, however, are not backed by anything concrete, meaning the lender is taking the borrowers word that they will actually make the payments described in the note.
Types of Promissory Notes Simple promissory note. Demand promissory note. Secured promissory note. Unsecured promissory note.
Promissory notes may also be referred to as an IOU, a loan agreement, or just a note. Its a legal lending document that says the borrower promises to repay to the lender a certain amount of money in a certain time frame.
Whats an Unsecured Demand Promissory Note? A promissory note is an agreement to pay back a loan. Unsecured means that the loan is not guaranteed by security or collateral. The demand part means that it is payable on demand. In other words, when the lender asks for the money back.
There are two major types of promissory notes, secured and unsecured. Secured promissory notes have collateral behind them to secure the loan. Unsecured notes might have a personal guarantee but no valuable collateral, which carries a higher degree of risk of financial loss.
Promissory notes may also be referred to as an IOU, a loan agreement, or just a note. Its a legal lending document that says the borrower promises to repay to the lender a certain amount of money in a certain time frame.
Collecting on an unsecured promissory note through the courts is a two-step process. First, you need to go through the court process to obtain a judgment against the borrower. Then you need to try to attach the borrowers wages, bank accounts, or other assets in order actually get paid.
Unsecured promissory notes An unsecured promissory note is an obligation for payment without any property securing the payment. If the payor fails to pay, the payee must file a lawsuit and hope that the payor has sufficient assets that can be seized to satisfy the loan.

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