Acknowledgment Message for Borrowing Money

Acknowledgment Message for Borrowing Money

1- Please take this message/letter as an acknowledgment between me and Mr. Steward, the lender, and he is willing to give me $45,000 for one year. We both unanimously agreed on the decision that till [mention date] the money will be credited to Mr. Jones. After the expiry of the contract, Mr. Steward will not have the right to demand interest. Within a year, the borrowed money will be given to Mr. Steward. The borrower will have to face severe consequences if he fails to return the amount on time.…

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