A promissory note form is a legal document which consists of a written promise by one party to another party, engaging to pay a fixed amount on a certain date and time. Generally, these notes are used on property which we purchase through a bank loan or secured by any trust. If you are not able to pay the stated sum on the fixed date which is mentioned on the promissory note form or you will fail to pay, then you will lose your secured item or property. Every country and state has their own basic laws and principles for validating promissory notes. The written promise or agreement is better than the oral and it is easier to prove in the courts. The promissory note forms are always utilized by financial institutions when they lend money to individuals and businesses. It is important for an individual to set up a proper promissory note if they lend it to family members or friends in order to secure their assets. It provides a clear framework for repayment of debt and it also protects the lender from default and the borrower from dishonest lending activities. These notes are vital for the success of