In a promissory note, what does the borrower promise?

In a promissory note, the borrower explicitly promises to repay the holder of the note. This financial instrument serves as a written and legally enforceable agreement in which the borrower acknowledges the amount owed and the terms of repayment. The central purpose of a promissory note is to define the borrower's commitment to return the borrowed funds, including any interest that may have been agreed upon.

While using property as collateral, maintaining property in good condition, and complying with local zoning laws can be important aspects of broader financial agreements or loan contracts, they are not inherent promises made within the promissory note itself. The focus of the note is primarily on the repayment terms and obligations of the borrower. Thus, the essence of the borrower’s promise in this context is clearly captured in the commitment to repay the holder of the note.