Promissory Note

do you know what is promissory note?

A promissory note is a written promise made by one person or party to repay a loan or debt on a specified future date to another person or party.
The main features of a promissory note are as follows:
-Maker
The maker is the person that signs the note

-Payee
The payee is the person to whom the payment is to be made

-Date of the note
Is the date on which the note is made

-Term of the note
Is the length of time until the note is due for payment

-Face value
Is the amount stated on the note

-Maturity value
Is the total sum of money which the payee will receive on the maturity date

-Maturity date
Is the date on which the maturity value is due