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Colorado Installments Fixed Rate Promissory Note Secured by Form

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Colorado Installments Fixed Rate Promissory Note Secured by Form

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what's up everybody so today we're going to be talking about promisory notes two words promisory so it's a promise to repay someone and note I like the word note because my promisory notes are actually only one page okay so really what is a promisory note it's a written promise to pay back money that one person or company borrows from another it's it's basically an IOU and so there are certain things that you're going to want to see on your promisory note okay there's 10 things actually so the first is you have to have the name of the borrower so in my case it would say Joe the next thing you have to have is the name of the lender so say the lender's name is Rich and obviously you want to have first and last name the third thing is the loan amount so that's the amount of money that the lender is giving to the borrower that's the principal amount so let's use the $10,000 example then you want

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