Promissory Note Template -2018

Promissory Note A promissory note is a negotiable instrument which shows that one party is making a promise to pay a certain decided sum of money to the other party on some mutually agreed date and terms & conditions. Promissory note usually follows a legal agreement format and is a kind of deal between a lender and a debtor. It plays a vital role as it is a guarantee that the debtor will fulfill the promise and he is bound to pay a certain amount of money at the due time. A few important details are mentioned in this agreement like the names of both of the…