Individuals who sign a promissory note and agree to pay at maturity are termed as?

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The term "Makers" refers specifically to individuals who sign a promissory note and agree to repay the debt at the specified maturity date. In the context of a promissory note, the maker is the party that creates the note and is responsible for making the payment outlined in the agreement. This role encompasses the legal obligation to pay the amount stipulated in the note, thereby ensuring that the transaction and any associated promises or obligations are formally recognized.

The other terms, while related to financial documents, do not accurately describe the individuals responsible for signing and agreeing to the terms of a promissory note. "Signers" could refer to anyone who signs a document, but it lacks the specific legal connotation associated with the obligations tied to the promissory note. "Partners" generally pertains to individuals involved in a business partnership and does not involve the direct financial responsibility of a promissory note. "Debtors" describes individuals who owe money, but the term is broader and can include anyone who has an outstanding financial obligation, not just those tied to promissory notes. Thus, "Makers" is the precise term that captures the essence of individuals who formally commit to the repayment outlined in a promissory note.

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