The Free Boating Encyclopedia

Definitions   Guidelines   Resources
Forms   Databases   Blogs   Profiles

About   Link   Translate   Contact

— WikiTags —

Promissory Note - Definition

— WikiLinks —

Promissory Note - Example
PDF Converter



The nation's premier boat history report with a full compliment of title search resources. Includes eight maritime databases all rolled into one convenient interface. A must-have service for any prospective buyer, marine lender, or maritime professional.

Visit Now


Owner Background Search

Criminal Records
Assets - Properties
Personal Details

Know your seller!

Sponsored by


Boat Promissory Note


BoatWiki - Forms

BoatWiki needs your help in maintaining our vital community resource.
Please WikiShare any comments, suggestions, or corrections regarding this subject.


Aug 10, 2023 - The boat promissory note form represents an example of how a typical boat loan may be structured. This portrayal can be modified to suit the terms and conditions of your own particular circumstances.


This form is intended for recreational usage and may not be suitable for more complex transactions or commercial vessels.


A form example is available in PDF format from WikiLinks. In order to utilize the text, just highlight with your cursor, copy and paste into your word processing application. Or, you can save the file to your computer and utilize an online PDF converter as shown in WikiLinks.


Header - Define the parties, principal amount of the loan, and applicable interest rate. The borrower's address can be stated adjacent to the below signature line. This should be a physical location where service can be delivered in the event of a default.

Payment - Establish the terms of how the loan is to be repaid. This can be one lump sum or structured as installment payments.

Place - Enter the place or destination of where the payment or payments should be sent.

Prepayment - Indicate whether prepayment of the loan is allowed or forbidden.

Security - Indicate whether or not the note is subject to a security agreement. If so enter the collateral description, it's identification numbers, and date of the agreement (may not precede that of the note).

Default - Indicate the circumstances that will apply in the event of a default in payment or breach of the terms set forth herein.

Collection - Enter the borrower's obligations in the event of any actions necessary to enforce the terms set forth herein.

Signature - Enter the date and signature of the borrower. This should be followed by the borrower's physical address. Notarization is not typical, but an attachment can made if so desired.


This form can affect the legal rights of all parties involved and should be reviewed by a qualified attorney regarding any such concerns.

Credits and References

Aug 10, 2023 - Page initiated by Team BoatWiki.



Float Your BoatWiki

Learn about the role you can play
in supporting the internet's most reliable
source of free boating information.


Stay informed about urgent matters of
boater fraud and the latest changes in
 boat registration or safety regulations.



A Division of Maritime Partners, LLC
State of Washington  USA
© Copyright 1998 - 2024 All rights reserved.

boatwiki boatwiki

About   Link   Translate   Terms   Privacy   Contact