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I Owe You (IOU) The acceptance and confirmation of money that has been borrowed from one (1) party to another. Does not commonly give details about how or when money will be paid back or list any interest rate, payment penalties, etc.
Loan (Personal) Guarantee If someone does not have sufficient credit to borrow money this form allows someone else to be liable as well if the debt is not paid. Personal Personal loan rhb islamic 2017 Agreement For most loans from individual to individual. Release of Debt After a note has been paid-in-full this document should be issued as proof that the borrower has satisfied their debt. Release of Personal Guarantee Frees the Guarantor from responsibility and is no longer liable.
Secured Promissory Note Loan agreement that lists assets that are to be handed to the lender if the payment is not made in accordance with the form.