Canada Demand Promissory Note with Floating Interest Rate

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Canada Demand Promissory Note with Floating Interest Rate Powered By Docstoc
					                                  PROMISSORY NOTE

AMOUNT: CAD $________________________                                Due: On Demand

Address for Payment: ______________________


FOR VALUE RECEIVED the undersigned, ____________ (hereinafter the “Borrower”), hereby
promises to pay on demand __________________ (hereinafter the “Lender”), to bearer or to
order at the above address for payment, the sum of ____________ (CAD $______) Dollars in
lawful money of Canada, with interest calculated on a ____________ basis and payable before as
well as after demand of payment or judgment or both, and interest on overdue interest at a rate
per annum equal to the prime lending rate of ____________ [insert name of bank] from time to
time, plus ____________% per annum.


				
DOCUMENT INFO
Description: Prepare a Demand Promissory Note with Floating Interest Rate with this easy template form for use in Canada. - Interest is calculated based on the then-current prime lending rate of the lender's bank. - The loan can be prepaid at any time without penalty or premium. This Canada Demand Promissory Note with Floating Interest Rate template is available in MS Word format, and is easy to fill in and use. Fully customizable to fit your needs.
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