Promissory Notes Legal Articles

A Guide to Promissory Notes

The borrower may be referred to as the maker, obligor, payor, or the promisor. The borrowed money is called the principal. The lender may be called the payee, oblige, or promise. The note usually includes... read more

Frequency Asked Questions About Promissory Notes

Personal promissory notes are the most common form of note payable and can be used when lending or borrowing money from friends or family, or to document the intended purchase of personal belongings such... read more

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