Michael Tellinger explains how to CREATE your own Promissory Notes/
A promissory note is a financial instrument that contains a written promise by one party (the note's issuer or maker) to pay another party (the note's payee) a definite sum of money, either on demand or at a specified future date. A promissory note typically contains all the terms pertaining to the indebtedness, such as the principal amount, interest rate, maturity date, date and place of issuance, and issuer's signature.

Although financial institutions may issue them (see below), promissory notes are debt instruments that allow companies and individuals to get financing from a source other than a bank. This source can be an individual or a company willing to carry the note (and provide the financing) under the agreed-upon terms. In effect, anyone becomes a lender when he issues a promissory note.

Michael Tellinger explains how he successfully created and paid the banks with his own promissory notes. Please pay close attentions to the details - you can download a copy of the generic Promissory Note on the UBUNTU Party Website. Click on the note to open the text box and fill in your own details - You may need to change the legal data on the top right, based on the country you are in. PLEASE DO NOT pay other people or businesses with your notes - they are meant for BANK and Government departments only. 

Do not take your NOTES into a bank and attempt to pay it to the teller - they are not trained to deal with it and will send you away. Follow the instructions in the video.


                                                     Yesterday is a cancelled check. Today is cash on the line. Tomorrow is a promissory note.
                                                                                                                                                                  Hank Stram

How to create your own Promissory Notes - Michael Tellinger

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