Missouri Secured Promissory Note Template

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Updated April 06, 2022

A Missouri secured promissory note establishes the basic structure of an agreement in which a lender loans a monetary balance to another individual, called the ‘borrower’. The lender profits from the transaction by receiving a single payment of interest or installments of interest over a predetermined amount of time. The borrower will need to set aside an item for security to help protect the lender in the case of a default.