Common Contracts
1 similar Promissory Note Agreement contracts
Promissory note agreement templatePromissory Note Agreement • May 4th, 2021
A well-known promissory, or “promise to pay”, is a note that details money borrowed from a creditor and refund facility. The document holds the borrower responsible for the refund of money (more interest if present). There are 2 types of promissory notes, insured and unprotected. If insured, the “security” will be canceled if the loan is not returned. By type (2) Secured Promissory Note – For the loan of money with a value asset “insure” the amount loaned as a vehicle or house. If the borrower does not refund the amount within the specified period the lender will have the right to obtain the property of the borrower. Download: Adobe PDF, MS Word (.docx), OpenDocument Note Promissory not protected - It does not allow the creditor to guarantee a good for the loaned money. This means that if the payment is not made by the borrower that the creditor should be deposited in a small court or through other legal processes. Download: Adobe PDF, MS Word (.docx), OpenDocument Per Stato I Owe You
