Massachusetts Unsecured Promissory Note Template from unsecured promissory note template , image source: promissorynotes.org
free unsecured promissory note template word an unsecured promissory note is a document that details the borrowing of money from one individual or entity to another without security if the debt is not paid in full unsecured promissory note template promissory notes the unsecured promissory note template is a document that allows a lender to detail an amount of money that is given to someone else the ‘borrower with the intention of being reimbursed with interest if any 45 free promissory note templates & forms [word & pdf] broadly speaking promissory notes are of two categories unsecured and secured promissory notes unsecured promissory notes are not attached to anything because the note is made on the basis of the maker’s ability to repay unsecured promissory notes – free legal forms promissory note fixed rate installment payments caution — it is important that you thoroughly read the contract before you sign it date unsecured promissory note if a promissory note includes these terms then it is a secured promissory note so the inclusion of collateral is the only real difference between secured promissory notes and unsecured promissory notes different types of assets can be used as collateral in a secured promissory note including bank accounts cars and real estate