A Promissory Note is a written promise to pay a debt by a certain date. It establishes terms of repayment and the penalty for breaking the promise to pay
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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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This Promissory Note allows the Borrower to re-pay to the Lender the amount of credit in installment payments.
A Borrower has an option to pre-pay the Note without penalty.
This form is designed to help prove that you have established a formal debtor/creditor relationship and that the exchange of money is a loan, not a gift.
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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
What you should know about selling/buying your car
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