Promissory Note By Kasey Swain / August 15, 2025 A written promise from a borrower to a lender in a legally binding document, where the borrower promises to pay the lender a specific amount under agreed-upon terms. Resources relating to Promissory Note: Using Personal Property to Further Secure Your Real Estate Loan Real estate professionals that have been in the industry for more than a few years know that interest rates and property values are cyclical. The current point in the cycle … Read article Related Articles: Private Lending Glossary