Promissory Notes???

A promissory note is a written promise made by one person or party to repay a loan or debt on a specified future date to another person or party.Look at this term..

• Maker(the person that signs the note)
• Payee(the person to whom the payment is to be made)
• Date of the note(the date on which the note is made)
• Term of the note(length of time)
• Face value(amount stated on the note)
• Maturity value(total sum of money the payee will receive)
• Maturity date(date on which maturity value is due)

So,after this it's better for us to make the prommissory note when another person want to borrow money from us so that there is no cheating!!