The party to a promissory note that agrees to repay money on the maturity date of the note is called the

Question

Quizplus · Accepted Answer

The maker of the note is the party that agrees to repay the money on the maturity date. The lender is the party that originally gives the money, and the payee is the party that receives the money upon maturity of the note. The recipient of the note is not a commonly used term in relation to promissory notes.

The Party to a Promissory Note That Agrees to Repay