Promissory note is also known as note payable in accounting terms. This piece of paper contains detailed information about the commitment made by the borrower and lender and terms of repayment of debt and signatures of concerned parties. This document should be designed professionally considering essentials of this commitment. Here we present a promissory note template. This promissory note template has been designed in MS Word 2007. Here is a preview of this promissory note template.