On a promissory note, the person borrowing the money is called the:
A) lender
B) maker
C) principal
D) payee

Name: On a promissory note, the person borrowing the money is called the: A) lender B) maker C) principal D) payee
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Question

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The person borrowing the money is called the maker on a promissory note. The lender is the person or entity lending the money, the principal is the amount of money being borrowed, and the payee is the person or entity to whom the money is being paid back.

On a Promissory Note, the Person Borrowing the Money Is