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A Promissory Note For Honorable Dismissal is commonly used in Philippine educational institutions when a student requests transfer credentials but has outstanding financial obligations. This document type bridges the gap between the student's need to transfer and the institution's right to collect unpaid fees. It enables the institution to release the honorable dismissal certificate while securing a legally binding promise of payment from the student. The document typically includes details of the outstanding amount, payment terms, student information, and specific conditions related to the release of academic documents. It must comply with Philippine education laws, particularly CHED regulations, and the Negotiable Instruments Law. This type of promissory note is especially relevant during enrollment periods or when students need to transfer between institutions.

1. Student Information: Full legal name, student ID number, course/program, and year level of the student making the promise

2. Amount and Payment Terms: Clear statement of the amount owed, payment schedule, and specific terms of payment including interest rate if applicable

3. Promise to Pay: Explicit unconditional promise to pay the stated amount according to the specified terms

4. Purpose of Note: Clear statement that the note is issued in connection with obtaining an honorable dismissal

5. School Information: Complete details of the educational institution to whom the promise is made

6. Due Date: Specific date or timeline when the full payment must be completed

7. Default Provisions: Consequences of non-payment or late payment