Promissory Note Template Legalzoom. A promissory note is an agreement to pay back a loan. A promissory note is a written promise for one person (or company) to pay a specific amount of money to someone else.
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A promissory note is a written promise issued by a borrower to a lender stating that the borrower will pay the stated amount of money at a later date. You can use a template or create a promissory note online. Listing an outline of information on the note avoids potential legal issues if there is a conflict about the terms of the debt.
How a Promissory Note is Secured.
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You just need to open your own template or select one of the samples stored in the PDFfiller digital library and fill it out. These promissory note templates are simple to use and have everything in it that you might need to keep up on the transaction. Serving as legal proof for the loan amount and the repayment contract, it is a written promise.