Installment Note for Purchase of Goods

Do you sell goods on credit and allow your customers to pay in installments? Secure the outstanding balance on their account with this Installment Promissory Note for Purchase of Goods.

• The maker of the Note (customer) agrees to repay the secured amount by a series of installment payments against the principal and interest due under the Note.
• The supplier (holder of the Note) retains title to the goods until the balance is completely paid.
• The holder has the right to assign the Note to a third party.