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U.S. Borrowing & Lending Index: |
Promissory Note Forms | Promissory Instalment Note | Demand Notes |
The Promissory Note is a legal agreement to repay a loan at a stated time or on demand. The promissory note form is enforceable promise of payment by the borrower with or without interest. | The Promissory Instalment note is agreement to repay a specified sum of money at a stated time or on demand. The promissory installment note form is an enforceable promise of payment with or without interest. | The Demand Note, for loan with no fixed term or set duration of repayment, can be recalled upon the lenders request. The Demand Promissory Note gives flexibility to the borrower as long as the lender does not call back the loan. |
Loan Agreements | Notice in Default of Payment | Receipt or Invoice Documents |
The Personal Loan Agreement is used when an individual is borrowing money from or lending money to another individual. The Loan Agreement form Contains conditions, covenants and restrictions to be executed by the borrower. | The Payment Default Notice form is a notification that payment is due and has not been received. The notice of default in payment also warns of invoking remedies and other action if payment is not remitted. | The Receipt Form acknowledges the receipt of payment by the borrower or customer. The receipt form also indicates full or partial payment. |
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| Financial & Bankruptcy Attorneys On-Line |
ATTORNEYS BANKRUPTCY LAW
30 Bay St, Staten Island, NY 10301
www.tropp-law.com
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