<\/a><\/p>\nAbout Simple Promissory Note Form<\/h2>\n
The promissory note form defines loan rights and includes items such as: lender and borrower names; interest rate; payment options \/ details; mount of loan; beginning and ending dates; and transfer rights.<\/p>\n
These legal documents can be either secured or unsecured. A secured promissory note includes collateral. <\/p>\n
Listing an outline of information on the note avoids potential legal issues if there is a conflict about the terms of the debt. <\/p>\n
There are also demand promissory notes where there is no maturity date but is due on demand of the lender with limited notice.<\/p>\n
The note helps to protect each party by providing better documentation if the dispute is taken to court and is helpful for tax and record keeping purposes. <\/p>\n","protected":false},"excerpt":{"rendered":"
Below you find a link to customize a promissory note form template. This document enables a small business to define the details of an unsecured debt transaction and the stipulations on how that debt will be repaid to the lender. With a simple promissory note form, it is important to have a legal document that is valid and legal in … Read More<\/a><\/p>\n","protected":false},"author":4,"featured_media":1699,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,9],"tags":[98],"yst_prominent_words":[718,708,705,711,716,193,186,197,710,712,714,706,703,717,715,709,707,704,678,713],"_links":{"self":[{"href":"https:\/\/samplewords.com\/wp-json\/wp\/v2\/posts\/1150"}],"collection":[{"href":"https:\/\/samplewords.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/samplewords.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/samplewords.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/samplewords.com\/wp-json\/wp\/v2\/comments?post=1150"}],"version-history":[{"count":0,"href":"https:\/\/samplewords.com\/wp-json\/wp\/v2\/posts\/1150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/samplewords.com\/wp-json\/wp\/v2\/media\/1699"}],"wp:attachment":[{"href":"https:\/\/samplewords.com\/wp-json\/wp\/v2\/media?parent=1150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/samplewords.com\/wp-json\/wp\/v2\/categories?post=1150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/samplewords.com\/wp-json\/wp\/v2\/tags?post=1150"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/samplewords.com\/wp-json\/wp\/v2\/yst_prominent_words?post=1150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}