Example of Simple Promissory Note : Lump-Sum With Interest : STEEM Banking
3. Lump-Sum with Interest
In return for a loan Borrower has received from Lender, Borrower promises to pay to Lender the amount of 100 SBD (principal), plus 10 SBD (interest). For a total amount owed of 110 SBD.
4. Due Date
Borrower will repay the entire amount owed by Payment Date.
The term SBD refers to Steem Blockchain Dollars.
@ borrower please confirm the agreement below in the comments section.
"I agree to the terms of this Promissory Note"
The Banker's Private Room, Negotiating a Loan
John Callcott Horsley (1817–1903)
Photo credit: Royal Holloway, University of London