How to Determine the Future Value of an Existing Promissory Note

A promissory note is a document used to pledge repayment of a loan. It constitutes a legal promise to pay, and is enforceable by law. As a written contract, the promissory note carries specific features identifying the parties and terms. Promissory notes can be secured or unsecured, and always set out the amount of the loan and the repayment terms.

In this post, I provide 10 various promissory note templates that you may copy for free. I hope you find them useful. You may want to copy and modify the
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Promissory notes are used frequently as a funding mechanism when buy-sell agreements are triggered. However, most buy-sell agreements reflect very little thought or negotiation regarding the promissory notes that they contain.

Convertible debt will automatically convert to preferred stock upon the execution of a qualified financing.
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How to account for notes receivable | Example