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A promissory note template is a negotiable instrument that is known as an unconditional written promise to make some payment to a specified person on some specified maturity date along with additional amount on interest on stated interest rate. A promissory note document will contain name of parties to promissory note, amount of obligation, terms of repayment, interest rate. Acceleration clause in this document is optional that will make the entire amount of the note due in case of missed payment. Here we present a promissory note template with all information mentioned here in a proper format. You can use this promissory note template if you are going to borrow or lend money for some time. This promissory note template is fully editable.
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