Promissory Note Loan Agreement

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Posted on September 18, 2018 at 08:03 AM



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Promissory note - Wikipedia
A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financial instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.
Promissory Note - FREE Sample, Template - Word and PDF
A Promissory Note is different than a loan agreement because it only binds one party - the Borrower - to actions (such as payment) or consequences (such as if the Borrower doesn't pay), but it doesn't bind the Lender to anything.
Free Promissory Note and Loan Agreement Forms
A promissory note is an acknowledgment of debt with a written and unconditional promise to repay a loan or debt in a specified manner and within a specified timeframe. It may also be called a personal loan agreement.

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