Demand promissory notes are notes that do not carry a specific maturity date, but are due on demand of the lender.
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A promissory note is an important legal document that sets forth the repayment terms when you borrow money.
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A Demand Note may be used by a single borrower as well as co-borrowers.
Under the terms of this Promissory Note, the entire principal and any accrued interest shall be fully and immediately payable upon demand of any holder of the Note.
A demand promissory note may be collected by the Lender at any time.
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To better understand Promissory Note related issues the following related information may be of interest to you.
Promissory Note frequently asked questions
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