What is a promissory note? What essential requirements must it fulfil?

A written, dated and signed two-party instrument containing an unconditional promise by the maker to pay a definite sum of money to a payee on demand or at a specified future date.

Promissory notes must expressly fulfill the following essential requirements:

the expressions "to the order" or "promissory note" in the note’s language.
the unconditional promise to pay the designated certain amount;
the maturity date;
the place of payment;
the name of the person to whom or to whose order payment must be performed;
the date and place of issuance of the promissory note;
the issuer’s signature.

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