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Document Id : 229
File Type : Microsoft Word
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Promissory Note with Floating Interest Rate
Secure repayment of a loan with this simple Promissory Note with a floating interest rate.
- Demand Note. The principal amount is due on demand.
- Interest is calculated based on the then-current prime lending rate of the lender's bank.
- Prepayment. The loan can be prepaid at any time without penalty (a fee or premium).
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