The borrower is the person or entity who is borrowing money and promising to repay the loan at a future date. The borrower is also the person who signs the promissory note and is obligated to make the required payments on time.

The lender is the person or entity who is lending the money to the borrower and is entitled to receive the repayments as agreed in the promissory note. The lender is also the person who receives the signed promissory note from the borrower.

In some cases, there may be additional parties involved in a promissory note, such as a co-signer or a guarantor. A co-signer is someone who signs the promissory note along with the borrower and agrees to be responsible for repayment if the borrower defaults. A guarantor is someone who agrees to be responsible for repayment if the borrower defaults but does not sign the promissory note itself.

It’s important for all parties involved in a promissory note to carefully review and understand the terms of the agreement before signing. If you have any questions or concerns, it’s advisable to seek the advice of a legal professional.