A promissory note is an unconditional written promise
to pay a certain sum of money at a definite time to the
bearer or to a specified person on his order. A promissory
note is generally used to evidence a debt. The holder
of a note made payable to bearer may transfer his rights
to another by delivery of the note. The payment of this
promissory note is secured by property.
WHO IS IT FOR?
This agreement is intended for persons or parties who
intend to loan money to another and wish to have the
debt documented and secured.
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