Unsecured Promissory Note Template Washington State. An unsecured promissory note is an obligation for payment without any property securing the A short-term unsecured promissory note is the type most often used when a relatively small amount The note will state the conditions under which the conversion may be made. It also states how the interest is to be repaid.
An unsecured promissory note is much riskier to the lender than a secured promissory note.
The Washington unsecured promissory note is used for transactions that involve the loaning of money between two parties (consisting of a lender and a borrower).
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An unsecured promissory note is not backed by collateral. Below you find a link to customize a promissory note form template. The unsecured promissory note template is a document that allows a lender to detail an amount of money that is given to someone else (the 'borrower) with In this case the unsecured note is nothing more than an "I Owe You" as it does not guarantee anything to the lender other a promise to pay.
