A written pledge to pay

debt security issued by a borrower, showing the amount which the borrower is prepared to pay the noteholder on its maturity. The note is issued at a discount to its face value, representing the yield on the funds for the noteholder (lender). Promissory Notes are similar to Bills of Exchange with the exception that only the name of the borrower and not the lender appears on the face of the note.

A written promise committing the maker to pay the payee a specified sum of money either on demand or at a fixed or determinable future date, with or without interest.

A note which unconditionally promises in writing to pay a certain some of money to a person either on demand or at a future time.

See "Note."

A written document that states that one party will pay a specified amount to another party.

This is a written promise to pay an amount of money to someone at a given time or on demand.

a written contract to repay a specified amount plus interest at a specified rate

A written promise to repay a certain sum of money at a certain time. Produced after loan origination has taken place.

A loan document that provides evidence of debt and sets forth the terms of repayment.

If you accept a scholarship that has a service obligation, you must sign a promissory note. The note is a binding legal document that states the terms and conditions of repayment of the scholarship should you not complete the service obligation.

A written promise to pay to some person named, and at a time specified therein, or on demand, or at sight, a certain sum of money, absolutely and at all events.

A document stating that a sum of money will be paid to the bearer, or to a named person, or to that person's order, on a particular date or on demand. It may be a negotiable instrument.

A document signed by a borrower promising to repay a loan under agreed-upon terms.

The binding legal document a borrower signs when borrowing a student loan. It lists the conditions under which the borrower is borrowing and the terms under which the borrower agrees to pay back the loan. It will include information on how interest is calculated and about deferment and cancellation provisions. It's very important to read and save this document because the borrower will need to refer to it later when beginning repayment of the loan.

A legal document listing the terms and conditions under which you agree to repay the loan.

The binding legal document that must be signed by the student borrower before loan funds are disbursed by the lender. The promissory note states the terms and conditions of the loan, including repayment schedule, interest rate, deferment policy, and cancellations. The student should keep this document until the loan has been repaid

a promise to pay monies owed. Notes are normally, but not exclusively associated with debt obligations and interest bearing loans.

A formal document expressing a promise to pay.

The signed, legal, binding agreement between student and lender stipulating the amount of the loan and the terms under which it is to be paid back. Keep it until the loan is paid off.

Evidence of a debt with specific amount due and interest rate. The note may specify a maturity date or it may be payable on demand. The promissory note may or may not accompany other instruments such as a mortgage providing security for the payment thereof. (See Demand Loan.)

Several weeks after receiving your financial aid award letter from Drexel, if eligible for a loan, a letter instructing how to complete the Master Promissory Note for new borrowers or a Stafford loan or loan application for Stafford loan will be mailed to you. Follow the instructions in the letter and complete the few remaining items and return the MPN and PLUS to the address provided on the form ( please do not send any forms to Drexel University). The school section will already be completed. Keep the “borrower copy” for your records. A signed MPN is required only once and remains valid for up to 10 years. The Stafford loan is thus renewed automatically for eligible returning students, and will be confirmed each year by a Statement of Disclosure sent to you from your lender. You must, however, first submit a FAFSA each year.

A legally binding agreement you sign to obtain a loan, in which you promise to repay the loan along with any interest, late fees or other costs if applicable.

A contract/agreement between the lender and the borrower for repayment of a loan (also called a "note").

A legally binding contract between borrower and lender that states the terms and conditions under which the borrower promises to repay the loan.

A contract/agreement between the borrower and the lender for repayment of the loan (also called a "note").

The written document (contract) that creates the loan agreement when signed by the borrower. The note must state that the loan will bear interest on the unpaid balance computed only for periods during which repayment of the loan is required, and contain an acceleration clause provided by the Secretary of HHS, which will permit the acceleration of delinquent loans at the school's option. Close

The legally binding document a borrower signs promising to repay a loan. The promissory note outlines the terms and conditions of the loan, including the repayment schedule, interest rate, deferment policy, and cancellation provisions.

A written, legally binding promise to repay a loan. The promissory note outlines the terms and conditions of the loan, including repayment schedule, interest rate, deferment policy, and cancellation requirements.

A financial instrument by which the borrower is held liable to repay a loan

A contract with the lender that you, the borrower, sign before the loan is disbursed. This states that you will repay the loan and legally binds you to its terms and conditions.

a promise to pay a specified amount on demand or at a certain time; "I had to co-sign his note at the bank"

a contract, which defines the terms of an agreement between two parties where one (the maker) has an obligation to pay the other (the payee) a sum of money as a repayment of debt or a loan

a form of debt similar to a loan or an IOU that a company may issue to raise money Typically an investor agrees to loan m

a form of debt that a company may use to raise capital in much the same way as a loan

a form of debt that companies sometimes use, like loans, to raise money

a kind of 'IOU', usually promising repayment of an amount invested after some stated period of time, together with some fixed rate of interest

a legal and binding contract of your promise to repay the loan according to the terms listed on the note

a legal contract that says if person A does this then person B agrees to do that

a legally binding contract between the borrower of a Direct

a negotiable instrument evidencing the borrower's promise to pay the underlying debt

an instrument in writing (not being a bank-note or a currency-note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument

an interest-paying IOU generally issued by companies wanting to raise cash to finance operations

an interest-paying IOU Remember that your customer expects to receive the lowest price posted or advertised

an unconditional promise in writing made by one person to another person, signed by the maker, engaging to pay, on demand or at a fixed or determinable future time, a sum certain in money to, or to the order of, a specified person or to bearer

an unconditional promise in writing that engages the signer to pay a certain sum to the payee on demand or at a fixed or agreed future date

an unconditional promise to pay a fixed amount of money, with or without interest, that is payable to order or to bearer, is payable upon demand or at a definite time, and does not state any other undertaking

a promise by the borrower to repay the lender on a specific date or dates, usually with interest

a promise made by a maker to pay a determinate sum of money to a payee

a signed legal document that indicates your promise to repay your student loan and formalizes your agreement to abide by its terms and conditions

a type of commercial paper wherein the maker promises to pay a sum certain at a definite time

a written agreement from one party to another that promises the payment of a specific amount of money on a specified date

a written agreement in which the maker promises to pay a creditor, or to the order of a creditor, the amount of a debt, usually with interest

a written agreement to pay back, at determined intervals in the future, a certain amount of money

a written agreement to pay back borrowed money

a written instrument that documents or records a transaction where money is loaned from one party to another

a written legal document in which the borrower promises to pay back the money at a predefined time

The binding legal document that borrowers sign when they obtain loans. Promissory notes define the conditions under which funds are provided and the terms under which borrowers agree to pay back the loan. Promissory notes include information about the interest rate and about deferment and cancellation provisions.

A contract that legally binds a lender and a borrower. The note details all the terms and conditions of a loan, including the amount, the interest rate, and repayment obligations.

The document in which you promise to repay the money that was loaned to you. It discloses the interest rate and terms of your loan.

A legally binding agreement the borrower signs to obtain a FFELP loan. The borrower promises to repay the loan, with interest, in periodic installments. The agreement also includes information about any grace period, deferment, or cancellation provisions and the student's rights and responsibilities with respect to the loan.

A legally binding contract setting both the terms and conditions under which you promise to repay your loan.

A legally binding agreement stating the amount an individual borrows and the terms of the loan. The student promises to repay the principal with interest.

A contract that legally binds a lender and a borrower. The note details all the terms and conditions of the loan, including amount of principal, interest rate, and repayment obligations.

A debt security issued by a borrower indicating how much the borrower is prepared to pay the holder at the maturaty date.

A statement signed by the student stating that he/she will repay a Student Loan.

A legal document signed by the borrower listing conditions under which the money is borrowed, and the terms under which the borrower agrees to repay the loan with interest.

A written promise on a financial instrument to repay the money plus interest.

The legal contract a borrower (and co-borrower, if any) signs to obtain a loan. The note includes all the terms and conditions of the loan and the borrower's promise to repay the loan.

A legal document containing the specifics of the money obligation, such as amount advanced, interest rate and term signed by the borrowers and promising payment to the creditor.

A written promise to repay a specific amount over a specified duration.

A written instrument signed and promises to pay back the amount borrowed. Usually signed along with a deed of trust.

A contract between borrower and lender that reflects the terms and conditions under which the borrower promises to repay the loan. Second-Year Student: A second-year student is any student who has accumulated 30 or more credit hours toward a degree. Transfer credits, Fs, and prep hours are not included in this calculation.

As a matter of precaution, the lessee/hirer/borrower is required to execute an unconditional promissory note in favor of the financier, for full amount of the installments / rentals payable under the agreement. The promissory note is counter guaranteed by the guarantor where applicable.

A contract/agreement between the borrower and the lender for repayment of the loan. (Same as the note.)

A written promise to repay a loan, signed by the borrower and cosigner (if applicable). This legal document describes loan conditions and repayment terms. Federal Stafford Loans require the use of the new Master Promissory Note.

The legal document on which you (and co-signor where applicable) agree to repay the loan according to the specified terms.

The Promissory Note is an agreement between the borrower and lender whereby the borrower agrees to repay the loan amount over a certain period of time. The note contains all of the terms of the loan, i.e., the principal amount borrowed, the interest rate, the date the loan matures, and any penalties owed by the borrower if a payment is late.

Usually a note given to the seller by the buyer, which promises to pay back principal to the seller. It states the interest rate and time frame for pay back.

A legal document signed by the borrower. It describes the conditions under which the loan is made and the terms of loan repayment.

An unconditional promise to pay a certain sum of money on demand, or at a specific date stipulated on the note.

an IOU issued by a borrower, whose name appears on the front of the note and who undertakes to pay the amount stated on the note to the noteholder on a specified date. PN's can be issued at a discount from face value, representing the interest (yield/return) on the funds for the lender and the cost for the borrower.

A legally binding contract between a borrower and lender promising to repay the loan. The promissory note contains the terms and conditions of your student loan.

The legal and binding document borrowers sign prior to receiving loan funds.

A legally binding contract between borrower and lender that includes all the terms and conditions of the loan.

Following a loan commitment from the lender, the borrower must sign a note promising to repay the loan. This establishes personal liability for repayment.

Promissory Note is a term no longer used. See Credit Agreement.

The legally binding contract that the borrower signs, which states that the borrower will repay the loan, with interest, as agreed upon in the terms of the contract. The contract also includes information about the borrower's rights and responsibilities with respect to the loan.

The legally binding contract between a borrower and the lender. Under the Consolidation Program the signed application form is the promissory note.

the legal document that you sign before the lender disburses loan funds.

The legally binding contract between the loan holder and the borrower. The promissory note specifies the terms and conditions of the loan and the rights and responsibilities of the lender and the borrower.

A note that promises payment of a specific amount on demand, which can be transferred much like a check.

The legal document which the borrower signs to obtain the loan proceeds and which specifies the terms of the loan, the interest rate, and the repayment provisions.

a binding legal contract between a loan holder and a borrower. The promissory note contains the loan terms and conditions, including how and when the loan must be repaid. By signing, the borrower agrees to repay the loan.

The legal contract between the borrower and lender that binds the borrower to repayment of the loan and specifies the terms and conditions involved, such as the interest rate, maturity date, penalty charges, and deferment privileges (if any).

A short-term financing instrument given by a debtor (called the promisor) to a creditor (called the promisee) as a legal and binding promise to pay a certain sum of money at a future date, usually with interest at a fixed rate.

A written promise by the borrower to pay a debt owed, within a specified time, to the holder of the note under conditions mutually agreed upon.

An instrument evidencing the obligations of the maker (issuer) to pay a certain sum of money on a certain date to the holder. They are issued without coupon for terms of less than one year.

A legal contract in which the borrower promises to pay back the loan. The "promissory note" sets forth the terms and conditions that apply to the loan repayment, such as interest rate, when payments are due, where payments are made, what happens if payments are not made, etc.

The legally binding contract between the borrower and lender that contains the terms and conditions of the loan, including how the loan must be repaid.

An agreement which contains a written promise to repay an amount over a specified time period at a specified rate.

A formal signed pledge, binding the maker to tender specific payments in accordance with an expressed schedule.

The binding legal document a student or parent signs for the student loan.

A binding legal document that the borrower signs when obtaining a loan and on which the borrower promises to repay the loan, with interest, in specified installments. The promissory note also includes information about the grace period, deferment or cancellation provisions, and the student's rights and responsibilities with respect to that loan.

The contract between the borrower and the lender detailing the conditions under which you agree to repay the loan.

A written document in which a borrower agrees (promises) to pay back money to a lender according to specified terms.

A formal promise to repay the mortgage loan that contains information on the interest rate, timing and amount of payments, late charges and rights of the lender as well as obligations of the borrower(s). The note is secured by a Deed of Trust that pledges the property as collateral for the loan.

often used to serve as earnest money for a home sale, the note is a representation to pay the amount of the note under the terms the note specifies.

A legally binding document acknowledging the lending of a sum of money and stating that the borrower will repay the lender a specified amount over a specified period of time. Technically it's the borrower's “promise to repay” the lender. The borrower signs the document, and the lender holds the original until the loan is repaid.

The legal binding contract the borrower signs. It states the terms, details, and obligations of the borrower to repay the lender.

The legal document signed by the borrower prior to receiving a loan. Besides containing a promise to repay the loan, it lists the conditions of the loan and terms for repayment.

Following a loan commitment from the lender, the borrower signs a note promising to repay the loan under stipulated terms. The promissory note establishes personal liability for its repayment.

An instrument of indebtedness between borrower and lender (containing all of the terms of the loan) that is commonly secured by a mortgage (mortgage note) or deed of trust. Quiet Title- An action at law to remove an adverse claim or cloud from the title of property.

A document which contains a written commitment to pay a certain amount of money in a fixed period of time.

A written document by which one person promises to pay money to another person at a specific time.

A borrower's official agreement to pay their loan back in a specified time.

Unless the dealer has been paid in full, he may ask for a signed promissory note stating that you will be personally responsible if the dealer is not paid. Can be done in lieu of or in addition to a hold check.

A written promise to repay a loan by a specified time.

The Federal Perkins and the Nursing Student Loan Program (NSLP) loans both require a promissory note to be signed each semester in order to receive those funds. These notes can be signed in the Student Accounts Office or they are mailed to the student for signature. Other types of loans also have promissory note requirements.

A signed undertaking promising to pay a stated sum to a specified party on a specified date or on demand.

A legal document to get a loan, which defines a person's rights and responsibilities for that loan.

a written promise to pay a specific sum at a specified time.

(Also called, simply, "Note") A promise in writing, and executed by the maker, to pay a specified amount during a limited time, or on demand, or at sight, to a named person, or on order or to bearer. Establishes personal liability for repayment of the debt.

The legally binding document or "promise to pay" that a borrower signs before receiving loan proceeds. The promissory note includes information about the terms and conditions of the loan.

The document signed by a borrower promising repayment of a loan. It shows the amount of monthly payments, interest rate, first payment date, last payment date, and the late charge and prepayment provisions.

The legal document borrowers sign when they get an education loan. It lists conditions under which the money is borrowed and the terms under which borrowers agree to repay the loan with interest. Borrowers should keep the borrower copy of their promissory notes until the loans are fully repaid.

The legal and binding contract a borrower signs promising to repay a loan.

This is a legally binding agreement the borrower signs to obtain a loan and in which the borrower promises to repay the loan, with interest. The note includes all the terms and conditions of the loan. Keep your copy in your permanent files.

A borrower must sign a legal document when he/she receives an educational loan that lists conditions under which the money is borrowed and the terms under which he/she agrees to repay the loan with interest. The borrower's promissory note is usually returned to him/her when the loan is repaid in full.

A written promise to pay a stipulated sum of money to a specified party under conditions mutually agreed upon. Also called a note, promise, or bond.

A written contract containing a promise to pay a definite amount of money at a definite future time. The evidence of a debt.

A written promise to pay a specified amount to a specified party over a certain period of time.

Document in which a person acknowledges the obligation to pay a given amount within a given time interval.

A written unsecured note promising to pay a specified amount of money on demand, transferable to a third party.

A written promise to pay a specific amount at a specific time.

A legal document that obligates a borrower to repay a mortgage loan, and specifies the terms of the repayment, such as the interest rate.

A document signifying an indebtedness.

A written promise made by one person to pay another person a certain sum of money on demand or at a future date.

An unconditional written promise of one person to pay a certain sum of money to another, or order, or bearer, at a future specified time. A broker who accepts a promissory note as a deposit from a prospective purchaser must generally disclose to the seller that the buyer's deposit is in the form of a promissory note.

The binding document that a borrower signs before receiving the loan proceeds. The note includes information about the terms and conditions of the loan and the borrower's promise to pay.

A written promise, signed by the borrower, to repay a loan.

A legal contract requiring a borrower to repay a loan. When a borrower signs a promissory note, the borrower agrees to repay the amount borrowed under the terms outlined in the promissory note. Repayment follows the grace period or deferment period that begins after a borrower leaves school or drops below half-time status, even if the degree program is not finished.

A written promise to repay a debt.

A written promise committing an individual or institution to repay a specified sum of money either on demand or at a fixed or determinable future date, with or without interest. Revolving credit Typical of a line of credit or credit card in which the amount of available credit increases and decreases as funds are borrowed and then repaid.

A promissory note is the document that describes the terms of repayment of the loan. Signed by the borrower, this document also contains stipulations describing late payments, interest acceleration, rights of transfer, etc.

A written promise to pay or repay a specified sum of money at a stated time, or on demand, to a named person. In addition to the payment of principal, a promissory note usually provides for the payment of interest.

A legally binding agreement the borrower signs to obtain a loan under the FFELP, in which the borrower promises to repay the loan, with interest, in periodic installments.

A written promise to repay the amount of money you borrowed in a specified amount of time.

The binding legal document you sign when you get a student loan. It lists the terms under which you are borrowing and the repayment terms to which you are agreeing, including information about interest rate, deferment and cancellation provisions. You should read and keep this document for your records. For Federal Stafford Loans, one Master Promissory Note (MPN) is needed for a first-time borrower. A loan acceptance form is submitted for each Stafford Loan awarded thereafter.

A signed statement containing a written promise to pay a stated sum to specified person at a specified date or on demand.

A signed, written instrument that acknowledges a debt, with the promise to pay the debt on specified terms (i.e. payment amount, payment date(s), interest rate).

A binding legal document that a borrower signs to get a loan. By signing this note, a borrower promises to repay the loan, with interest, in specified installments. The promissory note will also include any information about the grace period, deferment, or cancellation provisions, and a borrower's rights and responsibilities with respect to that loan.

Written promise to pay or repay a specified sum of money at a stated time or to the order of another person called the payee.

Written promise signed by a borrower, outlining the terms usually the principal, interest and repayment schedule under which the loan is being made.

The contract between a lender and a borrower that contains the terms and conditions governing the loan program, including the repayment obligations. It becomes legally binding when signed (executed) by the borrower. The borrower promises to repay the loan, with interest, in periodic installments.

A written promise, legally enforceable to pay on demand, or on a fixed date, a specified sum. It is a method of raising funds where no party incurs a contingent liability on the note.

The binding legal document you sign when you get a student loan. It lists the conditions under which you're borrowing and the terms under which you agree to pay back the loan. It will include information about your interest rate and about deferment and cancellation provisions. It's very important to read and save this document because you'll need to refer to it later when you begin repaying your loan.

A document in which the borrower promises to pay a stated amount on a specific date. The note normally states the name of the lender, the terms of payment and any interest rate.

A written acknowledgment of a debt whereby one party agrees to pay a specified sum on a specified date.

A legally binding agreement stating that you understand that you are borrowing funds and that you promise to repay the principal with interest.

A promise to pay. The promissory note document gives the mortgage company "in personam" jurisdiction over the mortgagor.

A legal document, which sets forth the terms of the loan and creates an obligation to pay back the loan. Terms of the loan may include the interest rate, prepayment terms and late charges.

The document containing the buyer's promise to repay the lender and the terms of the loan.

A legally binding contract between a lender and a borrower. The promissory note contains the terms and conditions of the loan, including how and when the loan must be repaid.

a promissory note is simply a fancy name for an IOU, a written acknowledgement of a debt owed by one person to another. A bank note is a promissory note issued by the bank upon which it is drawn in favor of the person who has the right to it at any given time.

A written promise to pay a designated sum of money at a future date. Back to the Top

A note signed by the borrower whereby the borrower promises to repay the loan.

A written promise to pay a certain sum of money by a given date or to make payments at specific dates to another person or company. If the promissory note does not state a rate of interest, the Internal Revenue Service may impute (compute) an interest rate that creates interest income to the payee and an interest expense to the payer.

The document stating a promise to pay the debt. The actual promise that someone makes to pay a certain amount of money at a certain interest rate over a certain period. A Mortgage Note is a type of Promissory Note.

The binding legal document a student signs for the student loan. It lists rights and responsibilities, and the terms and conditions of the loan. This document should be SAVED

Once the lender agrees to make a loan, the borrower signs a note promising to repay the loan under designated terms.

The binding legal contract between the lender and the borrower. By signing this note, the borrower is obligated to repay the loan as agreed upon in the terms of the contract.

A written promise to pay a certain sum of money at a definite date in the future.

A formal, written promise to pay interest and to repay the principal amount. To Top

An unconditional written and signed promise from the payor to a payee. It promises to pay a certain amount of money, on demand or at a certain defined date in the future. It differs from a bill of exchange, in that a promissory note is not drawn on any third party holding the payor's money;

the written promise of one person to pay another person a specified amount of money by a specified time or pay the specified interest. Sometimes used in place of a check or cash for Earnest Money.

Your Loan Agreement with the Lender detailing all the rights, obligations and conditions of the Loan.

A written, negotiable instrument which commits the maker of the note to pay a specified sum of money to the payee. Payment may be on demand or on a future date and may or may not include interest.

An unconditioned note or written promise by the promiser to pay a sum of money to the payee on demand or at a fixed or determinable future date.

A legally binding contract between a borrower and lender listing all terms and conditions of a student loan.

A legally binding contract between a borrower and lender listing all the terms and conditions of the loan.

is a document in which one promises to pay a stated amount on a specific date.

A legally binding loan agreement a borrower signs to promise to repay the loan, with interest, in periodic installments. The note may be signed in writing or electronically.

The document signed by the borrower promising to repay the loan under stipulated terms. The promissory note makes the borrower personally liable for its repayment.

A document that legally evidences the terms and conditions of a debt or similar obligation, including principal amount, interest rate, and both the inception and due dates of the note.

the binding legal document signed by the student or parent borrower before loan funds can be disbursed by the lender. The promissory note states the terms and conditions of the loan, including repayment schedule, deferment policy, and cancellation policy. The student/parent should keep this document until the loan is repaid.

The document signed by the borrower promising repayment of the loan showing the amount of monthly payments, interest rate, first payment date, last payment date, and the late charge and repayment provisions.

The legal and binding contract signed between the lender and the borrower which states that the borrower will repay the loan as agreed upon in the terms of the contract.

A payment instrument evidencing an obligation to pay a sum of money on a fixed or determinable future date. It is issued by the person owing the money to, or to the order of, the person to whom the money is owed.

An unconditional promise, written and signed by the maker promising to pay on demand (or at a fixed or determinable future time) a specified sum of money.

A legal document verifying the existence of a debt and an unsecured promise to repay it, setting out the terms of repayment and the interest rate to be paid.

Written promise committing the maker to pay the payee a specified sum of money, either on demand or at a determinable future date, with or without interest. Instruments meeting these criteria are NEGOTIABLE. Often called, simply, a NOTE. Qualified Plans: IRS approved retirement plans such as an IRA, HR-10 or Keogh, pension or profit sharing plans, and salary reduction plans, such as 401(k). Qualified means that the product has been qualified by the IRS to have special tax privileges. A tax-deferred annuity may be used to fund qualified plans such as the above; however, there is no additional tax advantage by placing a tax-deferred investment vehicle in a qualified plan

A legal document describing the contractual terms under which a borrower agrees to repay a sum of money to a lender.

The legal agreement between a borrower and a lender that the borrower will repay their loan. All educational loans require a promissory note to be signed.

written promise to repay a debt over a specific period of time.

A promise to pay a specified sum to a specified person under specified terms.

A legally binding contract/document a student signs before receiving loan funds that lists the terms and conditions of the loan and obligates the borrower to repay.

A legal document promising to pay a certain amount set in agreement and time.

A legally binding contract between student and the lender that includes all the terms and conditions under which the student promises to repay your loan.

a note issued by a debtor agreeing to pay a certain amount at some time in the future

a written agreement promising to repay a loan.

A legally binding contract between a lender and a borrower which includes all the terms and conditions of the loan and is signed by both parties at the time the loan is made. Promissory notes should be signed for every loan negotiated.

A legally binding agreement the borrower signs to obtain a loan, in which the borrower promises to repay the loan, with interest. The note includes all the terms and conditions of the loan. You need to sign a promissory note for every loan you receive unless you have previously signed a Master Promissory Note (MPN).

Written legal promise requiring the signer to pay back a loan by a fixed date; often simply called a "note."

A legally binding contract between you and the lender that includes all the terms and conditions under which you promise to repay your loan.

An unconditional written promise issued and signed by the debtor, to pay on demand, or at on a specified date, a stated amount of money to the order of a specified person or to the note’s bearer. Promissory notes are transferred by endorsement. Français: Billet à ordre Español: Pagaré, reconocimiento de deuda, pagaré a la orden

is the binding legal document that a borrower signs when they obtain a loan. It lists the conditions under which they are borrowing and the terms under which they agree to pay back the loan. It will include information about the interest rate and about deferment and cancellation provisions.

A written promise to pay back a sum of money at a specific time. When you borrow money to buy a home, you must sign a promissory note, which outlines the loan's terms and sets the due date. The most common type of promissory note is called the installment note. This says that your monthly payment must be applied to both the loan's principal and interest. The promissory note enforces the document that secures the property as repayment for the loan, either called a deed of trust or mortgage depending on where your home is. Promissory notes are commonly called notes or IOUs.

Promise to pay. Written contract between a borrower and a lender that is signed by the borrower and provides evidence of the borrower's indebtedness to the lender.

The legal document that binds a borrower to the repayment obligations and other terms and conditions that govern a loan program.

Written instrument containing an unconditional promise by a party, called the maker who signs the instrument to pay to another party a definite sum of money either on demand or at a specified future date.

An unconditional written promise, signed by maker, to pay, absolutely, a sum certain in money, either to the bearer or to a person therein designated or his/her order.

A student loan document signed by the borrower indicating the date, amount, conditions and borrower obligations of the loan.

Contract between a borrower and a lender that includes all the terms and conditions under which the borrower promises to repay the loan.

A written commitment to pay a stated obligation by a specified date. It represents formal evidence of a credit arrangement.

A written promise to pay a specified sum to specified person over a specified period of time.

A written promise committing the maker to pay a certain sum of money to the payee, with or without interest, on demand or at a fixed or determinable future date.

a written document under which a person promises to pay another money on a given date and pursuant to specified terms set out in the promissory note (also known as a “PN”)

A written promise to repay a specified amount over a specified period of time.

A binding legal document that lists the conditions under which the loan is made and the terms under which the borrower agrees to pay back the loan.

An unconditional, written and signed promise to pay a certain amount of money, on demand or at a certain defined date in the future. Contrary to a bill of exchange, a promissory note is not drawn on any third party holding the payor's money; it is a direct promise from the payor to the payee.

This document represents the legal, contractual obligation of the debtor. The principal, interest rate, term and payment schedule, and default and delinquency provisions are reflected in this document.

A legal document signed by the borrower when obtaining a loan. It lists the conditions under which the loan is made and the terms under which the borrower agrees to repay the loan.

Document signed and given to the lender by the borrower. It explains what is owed and how it will be paid.

A written promise by a borrower to repay a loan in accordance with the specific details of a contract.

Students must sign this binding legal document to get a loan. It lists the conditions for borrowing and the terms under which the loan is to be repaid.

A document of promise that the buyer will pay back the money the buyer borrowed.

A written promise to pay a specified amount of money in a designated period of time, which is also transferable to a third party

Also known as a Debt Repayment Contract; it is a negotiable instrument that the borrower signs promising to repay the loan under stipulated terms. It serves as evidence of the debt.

A contractual agreement between a borrower and a lender whereby the borrower commits to repay the lender a specified amount over a specified period of time.

A promissory note, also referred to as a note payable in accounting, is a contract detailing the terms of a promise by one party (the maker) to pay a sum of money to the other (the payee). The obligation may arise from the repayment of a loan or from another form of debt. For example, in the sale of a business, the purchase price might be a combination of an immediate cash payment and one or more promissory notes for the balance.