The promissory note is also known as a note payable, basically, it is used as a legal instrument or financial or Promissory Note Template Promissory Note debt instrument in this one party which is issuer promises to pay money to another party which is payee for a fixed or determinate time under some terms and conditions.
Promissory Note Template
If the promissory note has no condition and readily saleable then it is called negotiable instrument. The example of promissory notes is banknote, it is only made by the bank and payable on demand only to the bearer, another example of promissory note is mortgage note.
Promissory Note Template Microsoft Word
The convention providing a uniform law for bills and promissory established the definition and usage of the promissory note and it was signed in 1930 in Geneva. According to article 75 of the treaty, it was stated that promissory note should contain the following the terms:-
- Word promissory note should be inserted in the body of the instrument
- Unconditional promise to pay the sum of money
- Time of payment statement
- A placewhere the payment is to be made a statement
- Name of the payee
- Date and place where the promissory note issueda statement
- Signature of the issuer
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These are all the points which should be in and if any point is missing then it is not a correct promissory note, so here I am providing you a template of a promissory note which contains all the terms mentioned above.
Promissory Note Template With Notary
The printable templates are the most useful templates as you can easily download them and take the print out from the printer and use them where you want to use. Here in this post, I will share some commonly used pattern of . In this post, I will provide you with the template of a promissory note which is printable and you can directly use them by taking the print out of the template and it is available for free.
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The images of the template which I will share in this post are 100% original and are in HD quality so that when you take the print out of the template it is of good quality and clear. These printable templates are very easy to use you just have to download the template from the link provided in this post and it is 100% free and with updated content and after downloading just take the print out from the printer and adjust the printer setting so that the alignment of the template is proper and after taking print out just use it where you want to use.
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These printable templates are very easy to use and it saves your time as well as your work. All the templates which are provided in this post are of HD quality and are available for free and we also assure you that the format which is provided in this promissory note template is 100% correct and the templates of promissory note are available in different designs and patterns and we update our post regularly so that you can get the latest template with the latest format. Just download the template for free from here and save your work and time.