A Full Recourse Promissory Note is a crucial financial instrument used in Malaysian business and lending transactions when a formal documentation of debt obligation is required. This document, governed by Malaysian law, particularly the Bills of Exchange Act 1949, represents an unconditional written promise to pay a specific sum of money. It provides comprehensive protection to lenders by allowing them to pursue any and all assets of the borrower in case of default, not just specified collateral. The note typically includes essential elements such as principal amount, interest rate, payment schedule, and maturity date, and must be properly stamped under Malaysian law to be admissible in court. It can be used in both conventional and Islamic financing structures, making it versatile for various business needs in the Malaysian market.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Promise to Pay: Unconditional promise to pay a specific sum of money, including the principal amount in both numbers and words
2. Interest Rate: Specification of the interest rate, calculation method, and payment frequency
3. Payment Terms: Details of when and how payments will be made, including maturity date and payment schedule
4. Place of Payment: Specific location or method where/how payment should be made
5. Maker's Details: Full legal name and address of the person/entity making the promise to pay
6. Payee's Details: Full legal name and address of the person/entity to whom payment is promised
7. Date and Execution: Date of issuance and signature requirements
1. Security: Details of any collateral or security provided - include when the note is secured by specific assets
2. Early Repayment Terms: Conditions and procedures for early repayment - include when early repayment is permitted
3. Default Provisions: Consequences of default and acceleration rights - include when specific default terms are needed
4. Transfer Rights: Terms regarding the transferability of the note - include when the note is intended to be negotiable
5. Governing Law and Jurisdiction: Specific provisions about applicable law and courts - include for cross-border transactions
6. Shariah Compliance: Specific provisions ensuring compliance with Islamic law - include when the note needs to be Shariah-compliant
1. Payment Schedule: Detailed schedule of payment dates and amounts if installment payments are involved
2. Security Details: Detailed description of any security or collateral provided, including registration details
3. Calculation of Interest: Detailed methodology for interest calculation if complex interest structures are involved
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Real Estate
Commercial Lending
Private Equity
Small and Medium Enterprises
Manufacturing
Trading and Distribution
Construction
Agriculture
Technology
Relevant Teams
Legal
Finance
Treasury
Credit
Compliance
Risk Management
Corporate Secretarial
Investment
Business Development
Account Management
Relevant Roles
Chief Financial Officer
Finance Director
Treasury Manager
Credit Manager
Legal Counsel
Corporate Lawyer
Compliance Officer
Risk Manager
Financial Controller
Business Development Manager
Account Manager
Investment Manager
Corporate Secretary
Loan Officer
Find the exact document you need
Promissory Letter For Payment
A Malaysian law-compliant written promise to pay a specified sum of money, serving as a legally binding financial instrument between maker and payee.
find out more
Promissory Note For Late Rental Payment
A Malaysian law-governed promissory note documenting a tenant's formal commitment to pay outstanding rental payments, with specified terms and conditions for debt settlement.
find out more
Iou Promissory Note
A Malaysian legal document containing an unconditional promise to pay a specified sum of money, governed by the Bills of Exchange Act 1949.
find out more
Promissory Note For Tuition
A Malaysian law-compliant promissory note documenting a binding commitment to pay educational tuition fees.
find out more
Hospital Promissory Note
A Malaysian-law governed financial instrument where a patient promises to pay for medical services, establishing payment terms and conditions.
find out more
Promissory Letter For Work
A Malaysian legal document establishing a binding promise for specific work-related commitments, governed by Malaysian employment and contract law.
find out more
Corporate Promissory Note
A Malaysian law-governed financial instrument containing a company's written promise to pay a specified sum to another party, either on demand or at a fixed future date.
find out more
Simple Promissory Note For Personal Loan
A Malaysian law-governed promissory note documenting a personal loan agreement with an unconditional promise to repay a specified sum with defined terms.
find out more
Loan Note
A Malaysian law-governed instrument documenting loan terms between lender and borrower, including principal, interest, and repayment obligations.
find out more
Promissory Sale And Purchase Agreement
A Malaysian law-governed agreement outlining terms and conditions for property sale and purchase, including payment terms, obligations, and transfer requirements.
find out more
Promissory Note Without Interest
A Malaysian law-governed financial instrument containing an unconditional promise to pay a specified sum without interest, from one party to another at a fixed date or on demand.
find out more
Promissory Note For Delayed Payment
A Malaysian law-compliant written promise to pay a specific sum of money at a future date, serving as a formal acknowledgment of debt.
find out more
Promissory Note For Car
A Malaysian law-governed financial instrument documenting a promise to pay for a vehicle purchase, including payment terms and vehicle details.
find out more
Note Trust Deed
A Malaysian law-governed trust instrument that establishes the terms and governance framework for note issuance, appointing a trustee to protect noteholders' interests.
find out more
Installment Payment Promissory Note
A Malaysian law-governed financial instrument documenting a promise to pay a specified sum through scheduled installments, with defined payment terms and conditions.
find out more
Government Promissory Note
A Malaysian government-issued financial instrument representing a promise to pay a specified sum, governed by Malaysian law and regulations.
find out more
Senior Promissory Note
A Malaysian law-governed senior debt instrument containing an unconditional promise to pay a specified sum with priority repayment rights.
find out more
Promissory Note With Personal Guarantee
A Malaysian law-governed instrument combining a promissory note with a personal guarantee, establishing primary and secondary payment obligations with enforcement provisions.
find out more
Promissory Note With Collateral
A Malaysian law-governed financial instrument combining a promise to pay with security interests in collateral, structured under the Bills of Exchange Act 1949.
find out more
Promissory Note Letter
A Malaysian law-governed written promise to pay a specified sum of money, serving as a legally binding debt instrument under the Bills of Exchange Act 1949.
find out more
Promissory Note Cosigner Agreement
A Malaysian law-governed agreement establishing a cosigner's guarantee of a promissory note, including terms of liability and repayment obligations.
find out more
Promissory Note Convertible To Equity
A Malaysian law-governed convertible debt instrument that establishes terms for a loan that can convert into company shares under specified conditions.
find out more
Promise To Pay Agreement Letter
A Malaysian law-governed formal written commitment acknowledging debt and specifying repayment terms, structured as a legally binding promise to pay.
find out more
Promise To Pay Agreement For Vehicle
A Malaysian law-compliant agreement documenting a commitment to pay outstanding vehicle-related debt, including payment terms and security interests.
find out more
Payable On Demand Promissory Note
A Malaysian law-governed financial instrument containing an unconditional promise to pay a specified sum of money to a named payee upon demand.
find out more
Non Recourse Promissory Note
A Malaysian law-governed financial instrument documenting a promise to pay where the lender's recovery is limited to specific collateral assets.
find out more
Note Agreement
A Malaysian law-governed agreement documenting terms of note issuance, including principal, interest, and payment obligations.
find out more
Loan Promissory Note
A Malaysian law-governed written promise to pay a specified sum of money, detailing loan terms and conditions in compliance with local legislation.
find out more
Loan Note Agreement
A Malaysian law-governed agreement establishing terms and conditions for a loan structured as a note instrument, including key financial and regulatory provisions.
find out more
Full Recourse Promissory Note
A Malaysian law-governed promissory note providing full recourse rights to the lender for debt recovery against all borrower assets.
find out more
Purchase Money Promissory Note
A Malaysian law-governed financial instrument documenting a buyer's promise to pay for purchased property or goods, creating a security interest in the purchased items.
find out more
Medical Promissory Note
A legally binding document under Malaysian law that establishes a patient's formal promise to pay for received medical services, including payment terms and obligations.
find out more
Business Loan Promissory Note
A Malaysian law-governed promissory note documenting a business entity's formal promise to repay a loan with specified terms and conditions.
find out more
Promissory Note Between Friends
A Malaysian law-compliant promissory note documenting a personal loan agreement between friends, including repayment terms and conditions.
find out more
Short Term Unsecured Promissory Note
A Malaysian law-governed financial instrument documenting an unconditional promise to pay a specified sum within a short term, without security.
find out more
Promissory Note For Partial Payment
A Malaysian law-governed document establishing a formal promise to pay a debt through structured partial payments, including payment terms and conditions.
find out more
Shareholder Loan Promissory Note
A Malaysian law-governed promissory note documenting a loan from a shareholder to their company, including repayment terms and conditions.
find out more
Compound Interest Promissory Note
A Malaysian law-governed promissory note documenting debt repayment terms with compound interest calculations and enforcement provisions.
find out more
Promissory Note For Lending Money To Friend
A Malaysian legal document evidencing a personal loan between friends, containing a promise to repay a specified sum under defined terms.
find out more
90 Day Promissory Note
A Malaysian law-governed financial instrument containing a written promise to pay a specified sum after 90 days, commonly used in business and trade finance.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)