Free Promissory Note Template

In the business world a verbal promise is.

Free promissory note template. Download here free promissory note template word document. There are 2 types of promissory notes secured and unsecured. A promissory note or promise to pay is a note that details money borrowed from a lender and the repayment structure the document holds the borrower accountable for paying back the money plus interest if any. For official documents please consult to your attorney as well.

Promissory notes are negotiable instruments that are saleable and unconditional and are used in business transactions around the world. If you re not aware of its format and layout this ms word format promissory note is a good example to work with. All the required standard clauses are pre mentioned. As it is a proper legal document and not just a piece of paper so it is enforceable by law.

One can use promissory note template word when giving away money to a family member or any other person for short period of time. Download free promissory note templates. Save yourself from the effort of having to make a promissory note from scratch. A promissory note template is also demonstrated as a financial instrument which served as a biding between two or more parties.

Therefore to help business owners save time promissory note templates are available on the web for free. In this legal document one party promises to pay another involved party specific sum of money on mentioned time date or on demand. 50 free useful promissory note templates ms word pdf written by aadi. The note is a written statement by the borrower to promise to pay back the funds within a specific time frame and interest rate.

Download free printable promissory note templates that may be written in fillable adobe pdf pdf ms word doc and rich text format rtf. These word templates are useful when parties involving in a loan transaction don t know how to document it for later use or reference. Promissory note template free word format.