Free promissory note templates.
Promissory notes templates free. 50 free useful promissory note templates ms word pdf written by aadi. In this legal document one party promises to pay another involved party specific sum of money on mentioned time date or on demand. A promissory note template is also demonstrated as a financial instrument which served as a biding between two or more parties.
There are 2 types of promissory notes secured and unsecured. Please let me know how you see my effort in putting up this word template here obviously through comments. A promissory note template is a legal document containing a written promise to pay a specific amount of money to a certain individual at a particular date as well as agreed terms and conditions.
Promissory notes are negotiable instruments that are saleable and unconditional and are used in business transactions around the world. Download free promissory note templates. As it is a proper legal document and not just a piece of paper so it is enforceable by law.
These conditions must be addressed in the promissory note and thereafter signed by the parties involved. One can use promissory note template word when giving away money to a family member or any other person for short period of time. Therefore to help business owners save time promissory note templates are available on the web for free.
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. Promissory note template 20 free for word pdf a promissory note details the total quantity of money or capital that is loaned payment timeline and interest rate charged. Blank promissory note template 12 free word excel pdf format download lending sounds like an excellent deal but there must be rules to govern this activity rules acceptable between you and the borrower.