A promissory note is a written promise by one party (the note’s issuer or maker) to pay another party (the note’s payee) a definite sum of money, either on demand or at a specified future date. A PPM for a promissory note offering typically contains all the terms involved, such as the principal debt amount, interest rate, maturity date, payment schedule, the date and place of issuance, and the issuer’s signature. A promissory note is a financial instrument that contains a written and signed promise between two parties to repay a sum of money in exchange for a loan or other financing. A promissory note PPM contains all the necessary risk factors, disclosures, and terms pertaining to the indebtedness, such as the principal amount, interest rate, maturity date, etc.