Payment Promissory Note Template

There are 2 types of promissory notes secured and unsecured.

Payment promissory note template. 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. 36 free note templates download now adobe pdf microsoft word doc microsoft excel xls google docs apple mac pages google sheets spreadsheets apple mac numbers. In accounting they are referred to as notes payable.

In this legal document one party promises to pay another involved party specific sum of money on mentioned time date or on demand. Sample promissory note with installment payments. Here is our collection of 17 free promissory note templates that you can use to record a loan transaction officially or unofficially. A promissory note template is a financial legal instrument in which one party promises in writing to pay a determinate sum of money to the other either at a fixed or determinable future time or on demand of the payee under specific terms.

The payer or debtor can also use promissory note templates for this purpose especially if he does not know how to draft one. One can use promissory note template word when giving away money to a family member or any other person for short period of time. One party is the payer or debtor which is also the maker of the promissory note and the other one is the payee or creditor to whom the payment of debt is to be paid.